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

Shares of First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.99 and last traded at $30.9610, with a volume of 74195 shares trading hands. The stock had previously closed at $30.90.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The stock has a fifty day simple moving average of $30.22 and a 200 day simple moving average of $29.25. The firm has a market cap of $1.05 billion, a P/E ratio of 9.79 and a beta of 0.76.

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

Large investors have recently modified their holdings of the company. Turning Point Benefit Group Inc. bought a new position in First Trust Dow Jones Global Select Dividend Index Fund in the third quarter valued at about $54,000. TD Capital Management LLC bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the 3rd quarter worth approximately $67,000. Atlantic Union Bankshares Corp purchased a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the second quarter worth approximately $105,000. Root Financial Partners LLC purchased a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the third quarter worth approximately $133,000. Finally, Sunbelt Securities Inc. purchased a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the third quarter valued at approximately $151,000.

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. The Index universe is defined as all component companies of the 24 developed-market country indexes in the Dow Jones Global Indexes family.