First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Hits New 52-Week High – Still a Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $35.91 and last traded at $35.6970, with a volume of 118105 shares. The stock had previously closed at $35.63.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 9.79 and a beta of 0.64. The stock’s fifty day simple moving average is $34.02 and its two-hundred day simple moving average is $33.38.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC boosted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 10.1% during the fourth quarter. LPL Financial LLC now owns 3,336,298 shares of the company’s stock worth $100,990,000 after buying an additional 305,440 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 18.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,671,359 shares of the company’s stock valued at $80,862,000 after buying an additional 423,527 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 48.9% in the second quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock valued at $49,794,000 after buying an additional 593,342 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 428.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock valued at $32,030,000 after acquiring an additional 942,903 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of 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 acquiring 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.