First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Sets New 12-Month High – Here’s Why

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) shares reached a new 52-week high during trading on Monday . The stock traded as high as $24.69 and last traded at $24.62, with a volume of 844099 shares. The stock had previously closed at $24.29.

First Trust DJ Global Select Dividend Index Fund Trading Up 1.4 %

The firm has a market cap of $609.35 million, a P/E ratio of 9.98 and a beta of 0.95. The business’s fifty day simple moving average is $23.13 and its 200-day simple moving average is $23.40.

Hedge Funds Weigh In On First Trust DJ Global Select Dividend Index Fund

A number of large investors have recently modified their holdings of FGD. Crews Bank & Trust purchased a new position in First Trust DJ Global Select Dividend Index Fund in the fourth quarter worth $37,000. PFG Private Wealth Management LLC bought a new stake in First Trust DJ Global Select Dividend Index Fund in the fourth quarter valued at approximately $47,000. Global Trust Asset Management LLC purchased a new position in shares of First Trust DJ Global Select Dividend Index Fund in the fourth quarter worth $77,000. Transce3nd LLC bought a new position in shares of First Trust DJ Global Select Dividend Index Fund during the fourth quarter valued at about $94,000. Finally, FMR LLC grew its stake in shares of First Trust DJ Global Select Dividend Index Fund by 174.5% in the third quarter. FMR LLC now owns 4,947 shares of the company’s stock worth $120,000 after purchasing an additional 3,145 shares during the last quarter.

About First Trust DJ Global Select Dividend Index Fund

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.