First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Trading Up 0.3% – Here’s Why

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) shares were up 0.3% on Monday . The company traded as high as $33.35 and last traded at $33.22. Approximately 198,787 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 264,146 shares. The stock had previously closed at $33.13.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 9.79 and a beta of 0.64. The business has a fifty day moving average of $33.21 and a two-hundred day moving average of $32.07.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 10.1% in the 4th quarter. LPL Financial LLC now owns 3,336,298 shares of the company’s stock worth $100,990,000 after acquiring an additional 305,440 shares during the period. Wells Fargo & Company MN grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 18.8% in the 4th quarter. Wells Fargo & Company MN now owns 2,671,359 shares of the company’s stock worth $80,862,000 after acquiring an additional 423,527 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 48.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock worth $49,794,000 after acquiring an additional 593,342 shares during the period. Raymond James Financial Inc. grew its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 428.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock worth $32,030,000 after acquiring an additional 942,903 shares during the period. Finally, Bank of America Corp DE grew its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 68.3% during the 1st quarter. Bank of America Corp DE now owns 1,147,241 shares of the company’s stock valued at $36,631,000 after buying an additional 465,775 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.