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

Shares of First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) passed 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 Trading Up 2.8%

The stock’s 50 day moving average price is $34.12 and its 200 day moving average price is $33.42. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 9.79 and a beta of 0.66.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FGD. Bank of America Corp DE increased its position in First Trust Dow Jones Global Select Dividend Index Fund by 68.3% during the 1st 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 in the last quarter. Park National Corp OH grew its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 1.9% during 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 in the last quarter. Commonwealth Equity Services LLC purchased a new stake in First Trust Dow Jones Global Select Dividend Index Fund during the 3rd quarter worth approximately $17,891,000. Royal Bank of Canada raised its holdings in First Trust Dow Jones Global Select Dividend Index Fund by 23.1% in the first quarter. Royal Bank of Canada now owns 499,243 shares of the company’s stock valued at $15,941,000 after acquiring an additional 93,718 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 12.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 465,842 shares of the company’s stock valued at $14,902,000 after purchasing an additional 52,585 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.