First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Strong Trading Volume – Here’s Why

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) saw strong trading volume on Wednesday . 186,658 shares changed hands during trading, an increase of 98% from the previous session’s volume of 94,120 shares.The stock last traded at $23.08 and had previously closed at $22.89.

First Trust DJ Global Select Dividend Index Fund Trading Down 0.5 %

The firm has a market cap of $555.26 million, a PE ratio of 5.73 and a beta of 0.78. The company’s 50 day moving average price is $22.69 and its two-hundred day moving average price is $23.33.

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

A number of hedge funds have recently made changes to their positions in FGD. D.A. Davidson & CO. grew its stake in shares of First Trust DJ Global Select Dividend Index Fund by 1.9% during 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 during the last quarter. Creekside Partners grew its stake in First Trust DJ Global Select Dividend Index Fund by 0.7% in the third quarter. Creekside Partners now owns 118,745 shares of the company’s stock worth $2,892,000 after purchasing an additional 769 shares in the last quarter. L.M. Kohn & Company lifted its holdings in First Trust DJ Global Select Dividend Index Fund by 1.8% during the third quarter. L.M. Kohn & Company now owns 43,476 shares of the company’s stock worth $1,059,000 after buying an additional 781 shares during the period. Foundations Investment Advisors LLC lifted its holdings in First Trust DJ Global Select Dividend Index Fund by 6.5% during the third quarter. Foundations Investment Advisors LLC now owns 17,323 shares of the company’s stock worth $422,000 after buying an additional 1,061 shares during the period. Finally, ForthRight Wealth Management LLC lifted its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 0.9% during the 3rd quarter. ForthRight Wealth Management LLC now owns 143,124 shares of the company’s stock valued at $3,485,000 after purchasing an additional 1,230 shares during 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.