First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Trading Up 0.4% – Here’s Why

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD)’s share price traded up 0.4% on Tuesday . The stock traded as high as $32.96 and last traded at $32.78. Approximately 145,899 shares traded hands during trading, a decline of 44% from the average daily volume of 262,380 shares. The stock had previously closed at $32.65.

First Trust Dow Jones Global Select Dividend Index Fund Stock Performance

The business has a 50-day moving average of $33.32 and a 200 day moving average of $32.47. The stock has a market cap of $1.44 billion, a PE ratio of 9.79 and a beta of 0.65.

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

Institutional investors have recently modified their holdings of the company. Equitable Holdings Inc. lifted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 0.6% during the fourth quarter. Equitable Holdings Inc. now owns 75,263 shares of the company’s stock valued at $2,278,000 after buying an additional 437 shares during the period. Turning Point Benefit Group Inc. raised its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 24.9% in the 4th quarter. Turning Point Benefit Group Inc. now owns 2,336 shares of the company’s stock valued at $71,000 after acquiring an additional 466 shares during the last quarter. Howe & Rusling Inc. raised its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 3.8% in the 4th quarter. Howe & Rusling Inc. now owns 14,552 shares of the company’s stock valued at $440,000 after acquiring an additional 538 shares during the last quarter. Comerica Bank lifted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 4.6% during the 4th quarter. Comerica Bank now owns 19,718 shares of the company’s stock worth $597,000 after purchasing an additional 869 shares during the period. Finally, Raleigh Capital Management Inc. lifted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 30.2% during the 1st quarter. Raleigh Capital Management Inc. now owns 3,947 shares of the company’s stock worth $126,000 after purchasing an additional 915 shares during the period.

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.