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

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $30.80 and last traded at $30.7350, with a volume of 89202 shares changing hands. The stock had previously closed at $30.71.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The company has a market cap of $1.03 billion, a price-to-earnings ratio of 9.79 and a beta of 0.76. The company has a fifty day moving average of $30.02 and a two-hundred day moving average of $29.11.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Turning Point Benefit Group Inc. bought a new position in First Trust Dow Jones Global Select Dividend Index Fund in the 3rd quarter valued at approximately $54,000. TD Capital Management LLC acquired a new position in First Trust Dow Jones Global Select Dividend Index Fund in the 3rd quarter valued at approximately $67,000. Atlantic Union Bankshares Corp bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the second quarter valued at $105,000. Root Financial Partners LLC acquired a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the third quarter worth $133,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the third quarter worth $151,000.

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.