First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Hits New 1-Year High – Here’s Why

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD)’s share price hit 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 traded. The stock had previously closed at $35.63.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

The firm has a market capitalization of $1.62 billion, a PE ratio of 9.79 and a beta of 0.64. The firm has a fifty day moving average price of $34.02 and a 200 day moving average price of $33.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FGD. Equitable Holdings Inc. boosted its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 0.6% during the fourth quarter. Equitable Holdings Inc. now owns 75,263 shares of the company’s stock worth $2,278,000 after purchasing an additional 437 shares during the period. Howe & Rusling Inc. increased its stake in First Trust Dow Jones Global Select Dividend Index Fund by 3.8% in the 4th quarter. Howe & Rusling Inc. now owns 14,552 shares of the company’s stock valued at $440,000 after buying an additional 538 shares during the period. Comerica Bank increased its stake in First Trust Dow Jones Global Select Dividend Index Fund by 4.6% in the 4th quarter. Comerica Bank now owns 19,718 shares of the company’s stock valued at $597,000 after buying an additional 869 shares during the period. Triumph Capital Management lifted its position in First Trust Dow Jones Global Select Dividend Index Fund by 2.8% in the 2nd quarter. Triumph Capital Management now owns 33,211 shares of the company’s stock worth $1,062,000 after buying an additional 893 shares in the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in First Trust Dow Jones Global Select Dividend Index Fund by 30.2% in the 1st quarter. Raleigh Capital Management Inc. now owns 3,947 shares of the company’s stock worth $126,000 after buying an additional 915 shares in 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.