First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Hits New 12-Month High – Time to Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $34.35 and last traded at $34.3340, with a volume of 26905 shares changing hands. The stock had previously closed at $34.05.

First Trust Dow Jones Global Select Dividend Index Fund Trading Up 0.7%

The firm’s 50-day moving average price is $33.32 and its two-hundred day moving average price is $32.77. The stock has a market cap of $1.54 billion, a PE ratio of 9.79 and a beta of 0.65.

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

A number of hedge funds have recently bought and sold shares of FGD. LPL Financial LLC increased 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 valued at $100,990,000 after acquiring an additional 305,440 shares during the period. Wells Fargo & Company MN boosted its position in First Trust Dow Jones Global Select Dividend Index Fund by 18.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,671,359 shares of the company’s stock valued at $80,862,000 after purchasing an additional 423,527 shares in the last quarter. Ameriprise Financial Inc. boosted its position in First Trust Dow Jones Global Select Dividend Index Fund by 48.9% during the second quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock valued at $49,794,000 after purchasing an additional 593,342 shares in the last quarter. Raymond James Financial Inc. grew its stake in First Trust Dow Jones Global Select Dividend Index Fund by 428.3% in the second quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock valued at $32,030,000 after purchasing an additional 942,903 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in First Trust Dow Jones Global Select Dividend Index Fund by 68.3% in the first quarter. Bank of America Corp DE now owns 1,147,241 shares of the company’s stock valued at $36,631,000 after purchasing 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.