First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Shares Cross Above Fifty Day Moving Average – Here’s Why

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $32.50 and traded as high as $33.43. First Trust Dow Jones Global Select Dividend Index Fund shares last traded at $33.40, with a volume of 168,668 shares trading hands.

First Trust Dow Jones Global Select Dividend Index Fund Stock Down 0.7%

The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 9.79 and a beta of 0.64. The stock’s 50 day moving average is $32.50 and its 200 day moving average is $31.54.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Gateway Wealth Partners LLC boosted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 147.8% during the first quarter. Gateway Wealth Partners LLC now owns 198,026 shares of the company’s stock worth $6,323,000 after buying an additional 118,123 shares in the last quarter. Waverly Advisors LLC boosted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 6.9% during the first quarter. Waverly Advisors LLC now owns 32,377 shares of the company’s stock worth $1,034,000 after buying an additional 2,083 shares in the last quarter. Compound Planning Inc. bought a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the first quarter worth approximately $623,000. Sei Investments Co. boosted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 30.2% during the first quarter. Sei Investments Co. now owns 45,276 shares of the company’s stock worth $1,446,000 after buying an additional 10,499 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 27.5% during the first quarter. Cetera Investment Advisers now owns 380,543 shares of the company’s stock worth $12,151,000 after buying an additional 81,975 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.