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

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $34.07 and last traded at $34.1470, with a volume of 16467 shares. The stock had previously closed at $33.84.

First Trust Dow Jones Global Select Dividend Index Fund Stock Up 1.0%

The business’s fifty day moving average price is $31.43 and its 200 day moving average price is $29.98. The firm has a market capitalization of $1.19 billion, a PE ratio of 9.79 and a beta of 0.76.

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

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 428.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock valued at $32,030,000 after purchasing an additional 942,903 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 48.9% during the second quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock worth $49,794,000 after purchasing an additional 593,342 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 68.2% in the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,063,000 shares of the company’s stock worth $29,275,000 after acquiring an additional 431,000 shares during the period. Wells Fargo & Company MN boosted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 18.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,671,359 shares of the company’s stock valued at $80,862,000 after purchasing an additional 423,527 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in First Trust Dow Jones Global Select Dividend Index Fund by 590.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 427,236 shares of the company’s stock valued at $12,932,000 after buying an additional 365,373 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.