First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) saw strong trading volume on Monday . 194,803 shares traded hands during mid-day trading, an increase of 106% from the previous session’s volume of 94,553 shares.The stock last traded at $23.95 and had previously closed at $24.05.

First Trust DJ Global Select Dividend Index Fund Price Performance

The firm has a market cap of $591.66 million, a P/E ratio of 9.54 and a beta of 0.75. The firm’s 50-day moving average price is $23.74 and its 200 day moving average price is $23.35.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of First Trust DJ Global Select Dividend Index Fund during the first quarter worth $210,000. LifeWealth Investments LLC grew its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 59.1% during the first quarter. LifeWealth Investments LLC now owns 24,899 shares of the company’s stock valued at $603,000 after purchasing an additional 9,246 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of First Trust DJ Global Select Dividend Index Fund by 57.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 191,530 shares of the company’s stock worth $4,635,000 after purchasing an additional 69,525 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 38.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,505 shares of the company’s stock worth $472,000 after purchasing an additional 5,445 shares during the last quarter. Finally, ForthRight Wealth Management LLC boosted its position in First Trust DJ Global Select Dividend Index Fund by 0.5% during the 1st quarter. ForthRight Wealth Management LLC now owns 146,238 shares of the company’s stock valued at $3,539,000 after purchasing an additional 691 shares during the period.

About First Trust DJ 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.