First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Reaches New 52-Week High – Time to Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.20 and last traded at $27.14, with a volume of 91714 shares changing hands. The stock had previously closed at $26.98.

First Trust Dow Jones Global Select Dividend Index Fund Stock Up 0.6%

The company has a 50 day simple moving average of $25.02 and a 200-day simple moving average of $23.87. The stock has a market capitalization of $754.49 million, a price-to-earnings ratio of 9.63 and a beta of 0.76.

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

Several hedge funds and other institutional investors have recently modified their holdings of FGD. Choreo LLC bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter valued at approximately $294,000. L.M. Kohn & Company increased its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 4.8% during the fourth quarter. L.M. Kohn & Company now owns 45,565 shares of the company’s stock valued at $1,013,000 after acquiring an additional 2,089 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 1.9% during the fourth quarter. D.A. Davidson & CO. now owns 27,863 shares of the company’s stock valued at $620,000 after acquiring an additional 521 shares in the last quarter. WealthBridge Capital Management LLC increased its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 13.1% during the fourth quarter. WealthBridge Capital Management LLC now owns 47,285 shares of the company’s stock valued at $1,052,000 after acquiring an additional 5,459 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of First Trust Dow Jones Global Select Dividend Index Fund during the fourth quarter valued at approximately $268,000.

About First Trust Dow Jones 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.