First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Hits New 52-Week High – What’s Next?

Shares of First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $27.64 and last traded at $27.61, with a volume of 17377 shares changing hands. The stock had previously closed at $27.19.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

The stock has a market cap of $764.92 million, a price-to-earnings ratio of 9.63 and a beta of 0.76. The firm has a fifty day moving average of $25.39 and a 200 day moving average of $23.97.

Institutional Trading of First Trust Dow Jones Global Select Dividend Index Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FGD. Wells Fargo & Company MN grew its position in First Trust Dow Jones Global Select Dividend Index Fund by 35.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,927,220 shares of the company’s stock worth $42,861,000 after acquiring an additional 509,299 shares during the period. Lynx Investment Advisory grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 5.3% during the 4th quarter. Lynx Investment Advisory now owns 172,969 shares of the company’s stock worth $3,847,000 after purchasing an additional 8,643 shares during the period. LPL Financial LLC grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 10.5% during the 4th quarter. LPL Financial LLC now owns 1,609,562 shares of the company’s stock worth $35,797,000 after purchasing an additional 152,965 shares during the period. Harbour Investments Inc. increased its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 3.9% during the 4th quarter. Harbour Investments Inc. now owns 13,419 shares of the company’s stock worth $298,000 after purchasing an additional 500 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 7.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,508 shares of the company’s stock valued at $256,000 after buying an additional 783 shares during the period.

About First Trust Dow Jones 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.