First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Hits New 12-Month High – What’s Next?

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

First Trust Dow Jones Global Select Dividend Index Fund Trading Up 0.0%

The firm has a 50 day moving average of $33.42 and a two-hundred day moving average of $32.96. The stock has a market capitalization of $1.58 billion, a PE ratio of 9.79 and a beta of 0.64.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FGD. Archer Investment Corp boosted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 20.1% in the fourth quarter. Archer Investment Corp now owns 9,264 shares of the company’s stock valued at $280,000 after purchasing an additional 1,553 shares during the period. D.A. Davidson & CO. grew its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 5.4% during the 4th quarter. D.A. Davidson & CO. now owns 58,078 shares of the company’s stock valued at $1,758,000 after purchasing an additional 2,974 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in First Trust Dow Jones Global Select Dividend Index Fund by 35.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 50,068 shares of the company’s stock worth $1,516,000 after buying an additional 13,200 shares during the period. Novem Group lifted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 20.2% in the 4th quarter. Novem Group now owns 8,880 shares of the company’s stock worth $269,000 after buying an additional 1,492 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 1.7% during the fourth quarter. AE Wealth Management LLC now owns 885,410 shares of the company’s stock valued at $26,801,000 after acquiring an additional 14,937 shares in the last quarter.

First Trust Dow Jones Global Select Dividend Index Fund Company Profile

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.