First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $22.90 and traded as low as $22.38. First Trust DJ Global Select Dividend Index Fund shares last traded at $22.39, with a volume of 60,940 shares trading hands.

First Trust DJ Global Select Dividend Index Fund Stock Up 0.1 %

The stock has a market cap of $539.60 million, a P/E ratio of 5.73 and a beta of 0.78. The company’s 50 day moving average price is $22.90 and its two-hundred day moving average price is $23.34.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Matrix Trust Co acquired a new stake in First Trust DJ Global Select Dividend Index Fund in the third quarter valued at approximately $30,000. Global Trust Asset Management LLC purchased a new position in shares of First Trust DJ Global Select Dividend Index Fund during the 4th quarter valued at approximately $77,000. FMR LLC grew its stake in First Trust DJ Global Select Dividend Index Fund by 174.5% in the 3rd quarter. FMR LLC now owns 4,947 shares of the company’s stock valued at $120,000 after acquiring an additional 3,145 shares during the period. TFG Advisers LLC purchased a new stake in First Trust DJ Global Select Dividend Index Fund in the 3rd quarter worth $216,000. Finally, Sanctuary Advisors LLC acquired a new position in First Trust DJ Global Select Dividend Index Fund during the second quarter worth $216,000.

First Trust DJ 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.