First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Sets New 1-Year High – Still a Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $31.52 and last traded at $31.46, with a volume of 259154 shares changing hands. The stock had previously closed at $31.31.

First Trust Dow Jones Global Select Dividend Index Fund Stock Up 0.5%

The stock has a 50-day moving average of $30.37 and a 200 day moving average of $29.40. The stock has a market cap of $1.07 billion, a PE ratio of 9.79 and a beta of 0.76.

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

Several hedge funds have recently added to or reduced their stakes in FGD. AE Wealth Management LLC lifted its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 1.7% in the 4th quarter. AE Wealth Management LLC now owns 885,410 shares of the company’s stock valued at $26,801,000 after buying an additional 14,937 shares during the period. Key Capital Management INC purchased a new position in First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter valued at approximately $1,078,000. CWM LLC lifted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 211.0% in the fourth quarter. CWM LLC now owns 3,284 shares of the company’s stock valued at $99,000 after acquiring an additional 2,228 shares during the period. PFG Investments LLC purchased a new stake in First Trust Dow Jones Global Select Dividend Index Fund in the 4th quarter worth approximately $210,000. Finally, Farther Finance Advisors LLC boosted its position in First Trust Dow Jones Global Select Dividend Index Fund by 10.5% in the 4th quarter. Farther Finance Advisors LLC now owns 17,940 shares of the company’s stock worth $543,000 after purchasing an additional 1,703 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.