First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Reaches New 1-Year High – Should You Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) reached a new 52-week high on Tuesday . The company traded as high as $35.77 and last traded at $35.78, with a volume of 156135 shares changing hands. The stock had previously closed at $35.68.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The firm has a 50-day moving average of $33.83 and a 200-day moving average of $33.30. The firm has a market capitalization of $1.62 billion, a P/E ratio of 9.79 and a beta of 0.64.

Hedge Funds Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

A number of hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the second quarter valued at about $330,000. Compass Financial Management LLC bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund in the second quarter worth about $204,000. Legacy Wealth Managment LLC ID grew its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 5.2% in the second quarter. Legacy Wealth Managment LLC ID now owns 30,772 shares of the company’s stock worth $984,000 after purchasing an additional 1,534 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 6.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 66,822 shares of the company’s stock valued at $2,138,000 after purchasing an additional 3,833 shares during the period. Finally, XML Financial LLC purchased a new position in First Trust Dow Jones Global Select Dividend Index Fund during the 2nd quarter valued at about $305,000.

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.