First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Sets New 12-Month High – What’s Next?

Shares of First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $33.07 and last traded at $33.10, with a volume of 36023 shares. The stock had previously closed at $32.88.

First Trust Dow Jones Global Select Dividend Index Fund Stock Up 0.1%

The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 9.79 and a beta of 0.76. The business has a 50-day moving average of $30.99 and a 200-day moving average of $29.72.

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

A number of hedge funds have recently bought and sold shares of FGD. J.W. Cole Advisors Inc. increased its stake in First Trust Dow Jones Global Select Dividend Index Fund by 4.1% in the third quarter. J.W. Cole Advisors Inc. now owns 10,171 shares of the company’s stock valued at $292,000 after acquiring an additional 400 shares during the period. Turning Point Benefit Group Inc. boosted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 24.9% during the fourth quarter. Turning Point Benefit Group Inc. now owns 2,336 shares of the company’s stock worth $71,000 after buying an additional 466 shares during the period. Mission Creek Capital Partners Inc. grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 0.9% in the 2nd quarter. Mission Creek Capital Partners Inc. now owns 59,467 shares of the company’s stock valued at $1,638,000 after acquiring an additional 529 shares in the last quarter. Intellectus Partners LLC lifted its stake in 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 last quarter. Finally, Creekside Partners lifted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 0.7% during the 3rd quarter. Creekside Partners now owns 115,364 shares of the company’s stock worth $3,317,000 after buying an additional 822 shares during the last quarter.

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.