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) hit a new 52-week high during trading on Tuesday . The company traded as high as $32.47 and last traded at $32.3950, with a volume of 360285 shares trading hands. The stock had previously closed at $32.08.

First Trust Dow Jones Global Select Dividend Index Fund Trading Down 0.9%

The stock’s fifty day moving average price is $30.82 and its two-hundred day moving average price is $29.61. The stock has a market capitalization of $1.13 billion, a P/E ratio of 9.79 and a beta of 0.76.

Institutional Investors Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

Several institutional investors have recently bought and sold shares of FGD. Turning Point Benefit Group Inc. purchased a new stake in First Trust Dow Jones Global Select Dividend Index Fund in the third quarter worth $54,000. TD Capital Management LLC bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 3rd quarter valued at $67,000. Raleigh Capital Management Inc. boosted its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 708.5% during the 4th quarter. Raleigh Capital Management Inc. now owns 3,032 shares of the company’s stock valued at $92,000 after buying an additional 2,657 shares in the last quarter. CWM LLC grew its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 211.0% in the 4th quarter. CWM LLC now owns 3,284 shares of the company’s stock worth $99,000 after buying an additional 2,228 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the 2nd quarter worth about $105,000.

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.