First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Strong Trading Volume – Should You Buy?

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) saw strong trading volume on Wednesday . 186,658 shares were traded during mid-day 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 Stock Up 0.9 %

The company has a market capitalization of $556.59 million, a PE ratio of 5.73 and a beta of 0.78. The company’s 50 day moving average is $22.73 and its two-hundred day moving average is $23.33.

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

Institutional investors have recently modified their holdings of the stock. Matrix Trust Co purchased a new stake in shares of First Trust DJ Global Select Dividend Index Fund in the third quarter valued at approximately $30,000. Crews Bank & Trust bought a new position in First Trust DJ Global Select Dividend Index Fund during the 4th quarter worth about $37,000. Global Trust Asset Management LLC purchased a new position in First Trust DJ Global Select Dividend Index Fund during the fourth quarter valued at approximately $77,000. FMR LLC boosted its position in First Trust DJ Global Select Dividend Index Fund by 174.5% during the third quarter. FMR LLC now owns 4,947 shares of the company’s stock valued at $120,000 after purchasing an additional 3,145 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in First Trust DJ Global Select Dividend Index Fund during the second quarter valued at approximately $216,000.

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.