First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Hits New 52-Week High – Here’s Why

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) reached a new 52-week high during trading on Monday . The stock traded as high as $26.02 and last traded at $25.96, with a volume of 153402 shares changing hands. The stock had previously closed at $25.92.

First Trust DJ Global Select Dividend Index Fund Price Performance

The stock has a market capitalization of $642.38 million, a P/E ratio of 9.15 and a beta of 0.75. The stock’s 50-day simple moving average is $24.36 and its 200 day simple moving average is $23.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Crews Bank & Trust acquired a new position in shares of First Trust DJ Global Select Dividend Index Fund in the fourth quarter worth approximately $37,000. PFG Private Wealth Management LLC acquired a new position in First Trust DJ Global Select Dividend Index Fund in the fourth quarter valued at approximately $47,000. Global Trust Asset Management LLC acquired a new position in shares of First Trust DJ Global Select Dividend Index Fund during the fourth quarter worth approximately $77,000. Transce3nd LLC bought a new stake in First Trust DJ Global Select Dividend Index Fund during the fourth quarter worth $94,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in First Trust DJ Global Select Dividend Index Fund during the first quarter worth $210,000.

About First Trust DJ 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.