First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Stock Passes Below 50 Day Moving Average – Here’s Why

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $22.90 and traded as low as $22.38. First Trust DJ Global Select Dividend Index Fund shares last traded at $22.39, with a volume of 60,940 shares changing hands.

First Trust DJ Global Select Dividend Index Fund Trading Up 0.1 %

The stock’s fifty day simple moving average is $22.90 and its 200 day simple moving average is $23.34. The company has a market cap of $539.60 million, a price-to-earnings ratio of 5.73 and a beta of 0.78.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Matrix Trust Co acquired a new stake in First Trust DJ Global Select Dividend Index Fund in the 3rd quarter valued at approximately $30,000. Global Trust Asset Management LLC purchased a new position in shares of First Trust DJ Global Select Dividend Index Fund during the fourth quarter worth $77,000. FMR LLC raised its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 174.5% in the 3rd quarter. FMR LLC now owns 4,947 shares of the company’s stock valued at $120,000 after buying an additional 3,145 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in First Trust DJ Global Select Dividend Index Fund by 26.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,602 shares of the company’s stock worth $214,000 after acquiring an additional 2,021 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in First Trust DJ Global Select Dividend Index Fund during the 2nd quarter valued at about $216,000.

About First Trust DJ 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.