First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Hits New 1-Year High – Time to Buy?

Shares of First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) reached a new 52-week high during trading on Friday . The company traded as high as $34.07 and last traded at $34.1470, with a volume of 16467 shares traded. The stock had previously closed at $33.84.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

The firm has a market capitalization of $1.19 billion, a P/E ratio of 9.79 and a beta of 0.76. The firm’s fifty day moving average price is $31.43 and its 200-day moving average price is $29.98.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lloyd Advisory Services LLC. acquired a new position in First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter worth about $29,000. Hilton Head Capital Partners LLC bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 4th quarter valued at about $38,000. Turning Point Benefit Group Inc. bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 3rd quarter valued at about $54,000. TD Capital Management LLC acquired a new position in First Trust Dow Jones Global Select Dividend Index Fund in the third quarter worth approximately $67,000. Finally, Raleigh Capital Management Inc. grew its position in First Trust Dow Jones Global Select Dividend Index Fund by 708.5% in the fourth quarter. Raleigh Capital Management Inc. now owns 3,032 shares of the company’s stock worth $92,000 after buying an additional 2,657 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. The Index universe is defined as all component companies of the 24 developed-market country indexes in the Dow Jones Global Indexes family.