First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Reaches New 12-Month High – Still a Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $35.05 and last traded at $34.8040, with a volume of 140165 shares. The stock had previously closed at $35.01.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

The stock has a market capitalization of $1.58 billion, a PE ratio of 9.79 and a beta of 0.64. The business has a 50 day moving average price of $33.46 and a 200 day moving average price of $33.02.

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

Hedge funds have recently bought and sold shares of the company. Focus Financial Network Inc. bought a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the 2nd quarter valued at about $12,466,000. First Heartland Consultants Inc. bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the second quarter worth approximately $1,225,000. Hobart Private Capital LLC grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 6.4% during the second quarter. Hobart Private Capital LLC now owns 96,227 shares of the company’s stock valued at $3,078,000 after buying an additional 5,747 shares during the last quarter. Trilogy Capital Inc. purchased a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the second quarter valued at approximately $261,000. Finally, NewEdge Advisors LLC increased its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 58.3% during the first quarter. NewEdge Advisors LLC now owns 20,105 shares of the company’s stock valued at $642,000 after acquiring an additional 7,403 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.