First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Reaches New 12-Month High – Should You Buy?

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $31.04 and last traded at $30.99, with a volume of 34005 shares. The stock had previously closed at $30.63.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The stock has a market capitalization of $1.05 billion, a P/E ratio of 9.79 and a beta of 0.76. The company’s fifty day simple moving average is $30.26 and its two-hundred day simple moving average is $29.31.

Hedge Funds Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

A number of hedge funds have recently modified their holdings of the business. J.W. Cole Advisors Inc. lifted its holdings in shares of First Trust Dow Jones Global Select Dividend Index Fund by 4.1% in the third quarter. J.W. Cole Advisors Inc. now owns 10,171 shares of the company’s stock valued at $292,000 after purchasing an additional 400 shares in the last quarter. Mission Creek Capital Partners Inc. lifted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 0.9% during the second quarter. Mission Creek Capital Partners Inc. now owns 59,467 shares of the company’s stock valued at $1,638,000 after purchasing an additional 529 shares in the last quarter. Intellectus Partners LLC lifted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 2.8% during the second quarter. Intellectus Partners LLC now owns 29,210 shares of the company’s stock valued at $804,000 after purchasing an additional 783 shares in the last quarter. Creekside Partners boosted its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 0.7% during the third quarter. Creekside Partners now owns 115,364 shares of the company’s stock worth $3,317,000 after purchasing an additional 822 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in First Trust Dow Jones Global Select Dividend Index Fund by 1.8% in the 3rd quarter. D.A. Davidson & CO. now owns 55,104 shares of the company’s stock worth $1,584,000 after purchasing an additional 997 shares in the last quarter.

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. The Index universe is defined as all component companies of the 24 developed-market country indexes in the Dow Jones Global Indexes family.