First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Unusually-High Trading Volume – Still a Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) shares saw unusually-high trading volume on Monday . Approximately 496,963 shares were traded during mid-day trading, an increase of 147% from the previous session’s volume of 200,832 shares.The stock last traded at $30.6750 and had previously closed at $30.66.

First Trust Dow Jones Global Select Dividend Index Fund Trading Up 0.1%

The company has a market cap of $1.03 billion, a price-to-earnings ratio of 9.79 and a beta of 0.76. The stock’s 50-day moving average is $30.05 and its 200-day moving average is $29.15.

Institutional Investors Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

Institutional investors have recently bought and sold shares of the stock. Turning Point Benefit Group Inc. bought a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund in the third quarter valued at approximately $54,000. TD Capital Management LLC bought a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the third quarter worth $67,000. Atlantic Union Bankshares Corp purchased a new position in First Trust Dow Jones Global Select Dividend Index Fund in the second quarter worth $105,000. Root Financial Partners LLC bought a new position in First Trust Dow Jones Global Select Dividend Index Fund in the 3rd quarter valued at $133,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the 3rd quarter valued at $151,000.

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.