First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Reaches New 1-Year High – Time to Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) shares reached a new 52-week high on Monday . The stock traded as high as $33.07 and last traded at $33.10, with a volume of 36023 shares traded. The stock had previously closed at $32.88.

First Trust Dow Jones Global Select Dividend Index Fund Trading Up 0.8%

The stock has a fifty day moving average of $30.87 and a two-hundred day moving average of $29.66. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 9.79 and a beta of 0.76.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Lloyd Advisory Services LLC. acquired a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter valued at $29,000. Turning Point Benefit Group Inc. acquired a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 3rd quarter worth approximately $54,000. TD Capital Management LLC bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the 3rd quarter valued at about $67,000. Raleigh Capital Management Inc. lifted its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 708.5% during the 4th quarter. Raleigh Capital Management Inc. now owns 3,032 shares of the company’s stock valued at $92,000 after purchasing an additional 2,657 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 211.0% during the fourth quarter. CWM LLC now owns 3,284 shares of the company’s stock worth $99,000 after buying an additional 2,228 shares in the last quarter.

First Trust Dow Jones Global Select Dividend Index Fund Company Profile

First Trust Dow Jones Global Select Dividend Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Global Select Dividend Index (the Index). The Index is an indicated annual dividend yield weighted index of 100 stocks selected from the developed market portion of the Dow Jones World Index, subject to certain buffers designed to limit turnover. The Index universe is defined as all component companies of the 24 developed-market country indexes in the Dow Jones Global Indexes family.