First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Hits New 12-Month High – Still a Buy?

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) shares hit a new 52-week high on Monday . The stock traded as high as $24.69 and last traded at $24.62, with a volume of 844099 shares traded. The stock had previously closed at $24.29.

First Trust DJ Global Select Dividend Index Fund Stock Performance

The firm has a market cap of $609.49 million, a PE ratio of 9.98 and a beta of 0.95. The stock has a 50 day simple moving average of $23.22 and a two-hundred day simple moving average of $23.41.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FGD. Harbour Investments Inc. raised its position in shares of First Trust DJ Global Select Dividend Index Fund by 3.9% in the fourth quarter. Harbour Investments Inc. now owns 13,419 shares of the company’s stock worth $298,000 after acquiring an additional 500 shares during the period. D.A. Davidson & CO. increased its position in shares of First Trust DJ Global Select Dividend Index Fund by 1.9% in the fourth quarter. D.A. Davidson & CO. now owns 27,863 shares of the company’s stock valued at $620,000 after buying an additional 521 shares in the last quarter. Waverly Advisors LLC raised its stake in shares of First Trust DJ Global Select Dividend Index Fund by 2.2% during the 4th quarter. Waverly Advisors LLC now owns 28,267 shares of the company’s stock worth $629,000 after buying an additional 595 shares during the period. Benjamin Edwards Inc. grew its stake in First Trust DJ Global Select Dividend Index Fund by 5.0% in the 4th quarter. Benjamin Edwards Inc. now owns 13,404 shares of the company’s stock valued at $298,000 after acquiring an additional 639 shares during the period. Finally, Mission Creek Capital Partners Inc. increased its holdings in First Trust DJ Global Select Dividend Index Fund by 1.1% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 60,692 shares of the company’s stock worth $1,350,000 after acquiring an additional 676 shares in the last quarter.

First Trust DJ Global Select Dividend Index Fund Company Profile

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.