First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Sets New 52-Week High – Here’s Why

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $34.70 and last traded at $34.6940, with a volume of 51394 shares. The stock had previously closed at $34.54.

First Trust Dow Jones Global Select Dividend Index Fund Trading Up 0.8%

The firm has a market cap of $1.58 billion, a PE ratio of 9.79 and a beta of 0.65. The business’s 50-day simple moving average is $33.38 and its 200 day simple moving average is $32.90.

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

Several institutional investors have recently bought and sold shares of the business. Lloyd Advisory Services LLC. purchased a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter worth $29,000. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the 4th quarter valued at $38,000. Turning Point Benefit Group Inc. bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the 3rd quarter worth $54,000. Raleigh Capital Management Inc. raised its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 708.5% in the 4th quarter. Raleigh Capital Management Inc. now owns 3,032 shares of the company’s stock worth $92,000 after acquiring an additional 2,657 shares in the last quarter. Finally, CWM LLC lifted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 211.0% during the 4th quarter. CWM LLC now owns 3,284 shares of the company’s stock worth $99,000 after purchasing an additional 2,228 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.