First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Shares Up 0.2% – Here’s What Happened

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) shares rose 0.2% during trading on Friday. The company traded as high as $32.95 and last traded at $32.85. 129,434 shares were traded during trading, a decline of 43% from the average session volume of 225,911 shares. The stock had previously closed at $32.79.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The stock has a 50 day moving average price of $34.94 and a two-hundred day moving average price of $33.67. The company has a market capitalization of $1.54 billion, a PE ratio of 9.79 and a beta of 0.65.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FGD. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 12.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 465,842 shares of the company’s stock valued at $14,902,000 after purchasing an additional 52,585 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 5.0% in the second quarter. Integrated Wealth Concepts LLC now owns 91,780 shares of the company’s stock worth $2,936,000 after purchasing an additional 4,372 shares in the last quarter. RFG Advisory LLC increased its position in First Trust Dow Jones Global Select Dividend Index Fund by 629.3% during the second quarter. RFG Advisory LLC now owns 82,654 shares of the company’s stock worth $2,644,000 after buying an additional 71,320 shares during the last quarter. NewEdge Advisors LLC increased its position in First Trust Dow Jones Global Select Dividend Index Fund by 3.3% during the second quarter. NewEdge Advisors LLC now owns 20,771 shares of the company’s stock worth $664,000 after buying an additional 666 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 4.7% during the second quarter. Baird Financial Group Inc. now owns 80,887 shares of the company’s stock valued at $2,588,000 after buying an additional 3,664 shares in 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.