First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Shares Break Above 200-Day Moving Average – Here’s What Happened

Shares of First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $33.42 and traded as high as $34.36. First Trust Dow Jones Global Select Dividend Index Fund shares last traded at $34.32, with a volume of 236,880 shares traded.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The firm has a market capitalization of $1.58 billion, a PE ratio of 9.79 and a beta of 0.66. The stock’s 50 day simple moving average is $34.04 and its two-hundred day simple moving average is $33.45.

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

Several large investors have recently added to or reduced their stakes in FGD. Bank of America Corp DE lifted its stake in First Trust Dow Jones Global Select Dividend Index Fund by 68.3% during the first quarter. Bank of America Corp DE now owns 1,147,241 shares of the company’s stock worth $36,631,000 after purchasing an additional 465,775 shares during the period. Park National Corp OH boosted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 1.9% in the third quarter. Park National Corp OH now owns 594,621 shares of the company’s stock valued at $19,724,000 after acquiring an additional 10,907 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the third quarter worth approximately $17,891,000. Royal Bank of Canada boosted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 23.1% during the first quarter. Royal Bank of Canada now owns 499,243 shares of the company’s stock worth $15,941,000 after buying an additional 93,718 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 12.7% during the second quarter. Envestnet Asset Management Inc. now owns 465,842 shares of the company’s stock worth $14,902,000 after purchasing an additional 52,585 shares during the period.

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.