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

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $30.80 and last traded at $30.7350, with a volume of 89202 shares traded. The stock had previously closed at $30.71.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 9.79 and a beta of 0.76. The stock’s fifty day moving average price is $29.94 and its 200-day moving average price is $29.07.

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

Several institutional investors have recently made changes to their positions in the stock. IMG Wealth Management Inc. raised its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 16,660.0% in the second quarter. IMG Wealth Management Inc. now owns 139,946 shares of the company’s stock valued at $3,854,000 after purchasing an additional 139,111 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 17.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 35,735 shares of the company’s stock worth $984,000 after buying an additional 5,277 shares during the period. ForthRight Wealth Management LLC grew its stake in First Trust Dow Jones Global Select Dividend Index Fund by 20.6% in the 2nd quarter. ForthRight Wealth Management LLC now owns 176,385 shares of the company’s stock valued at $4,858,000 after buying an additional 30,147 shares during the last quarter. Creekside Partners increased its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 0.8% in the second quarter. Creekside Partners now owns 114,542 shares of the company’s stock worth $3,154,000 after purchasing an additional 894 shares during the period. Finally, RiverTree Advisors LLC acquired a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 2nd quarter worth about $1,497,000.

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.