First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Reaches New 52-Week High – Should You Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) hit a new 52-week high on Thursday . The company traded as high as $31.17 and last traded at $30.72, with a volume of 101 shares trading hands. The stock had previously closed at $30.62.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

The firm’s fifty day moving average is $29.39 and its two-hundred day moving average is $28.61. The firm has a market cap of $989.18 million, a price-to-earnings ratio of 9.79 and a beta of 0.76.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. J.W. Cole Advisors Inc. boosted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 4.1% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,171 shares of the company’s stock worth $292,000 after purchasing an additional 400 shares during the last quarter. Mission Creek Capital Partners Inc. increased its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 0.9% during the second quarter. Mission Creek Capital Partners Inc. now owns 59,467 shares of the company’s stock worth $1,638,000 after acquiring an additional 529 shares in the last quarter. Intellectus Partners LLC raised its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 2.8% in the 2nd quarter. Intellectus Partners LLC now owns 29,210 shares of the company’s stock valued at $804,000 after purchasing an additional 783 shares during the period. Creekside Partners lifted its stake in First Trust Dow Jones Global Select Dividend Index Fund by 0.7% in the 3rd quarter. Creekside Partners now owns 115,364 shares of the company’s stock valued at $3,317,000 after acquiring an additional 822 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 1.8% during the third quarter. D.A. Davidson & CO. now owns 55,104 shares of the company’s stock worth $1,584,000 after purchasing an additional 997 shares during 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.