First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Unusually-High Trading Volume – Still a Buy?

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) shares saw unusually-strong trading volume on Thursday . Approximately 144,136 shares traded hands during trading, an increase of 46% from the previous session’s volume of 98,603 shares.The stock last traded at $22.36 and had previously closed at $22.24.

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

The company has a market cap of $538.88 million, a P/E ratio of 5.73 and a beta of 0.78. The company’s 50-day moving average price is $23.16 and its two-hundred day moving average price is $23.36.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FGD. SMART Wealth LLC lifted its position in shares of First Trust DJ Global Select Dividend Index Fund by 21.6% in the 3rd quarter. SMART Wealth LLC now owns 94,445 shares of the company’s stock worth $2,300,000 after buying an additional 16,789 shares during the last quarter. Benjamin Edwards Inc. bought a new position in First Trust DJ Global Select Dividend Index Fund in the third quarter worth about $311,000. L.M. Kohn & Company boosted its stake in First Trust DJ Global Select Dividend Index Fund by 1.8% in the third quarter. L.M. Kohn & Company now owns 43,476 shares of the company’s stock valued at $1,059,000 after acquiring an additional 781 shares during the period. FMR LLC grew its holdings in shares of 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 during the last quarter. Finally, Creekside Partners raised its position in shares of First Trust DJ Global Select Dividend Index Fund by 0.7% during the 3rd quarter. Creekside Partners now owns 118,745 shares of the company’s stock worth $2,892,000 after purchasing an additional 769 shares during the period.

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.