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 strong trading volume on Thursday . 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 Stock Up 0.5 %

The firm’s 50-day moving average price is $23.16 and its 200 day moving average price is $23.36. The firm has a market cap of $538.88 million, a P/E ratio of 5.73 and a beta of 0.78.

Hedge Funds Weigh In On First Trust DJ Global Select Dividend Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. AE Wealth Management LLC lifted its holdings in First Trust DJ Global Select Dividend Index Fund by 5.5% in the second quarter. AE Wealth Management LLC now owns 863,706 shares of the company’s stock worth $19,288,000 after purchasing an additional 44,915 shares during the period. Park National Corp OH lifted its stake in shares of First Trust DJ Global Select Dividend Index Fund by 0.8% in the 3rd quarter. Park National Corp OH now owns 349,747 shares of the company’s stock worth $8,517,000 after acquiring an additional 2,654 shares during the period. Susquehanna International Group LLP boosted its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 35.8% in the second quarter. Susquehanna International Group LLP now owns 192,940 shares of the company’s stock valued at $4,309,000 after acquiring an additional 50,818 shares in the last quarter. Lynx Investment Advisory boosted its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 0.8% in the third quarter. Lynx Investment Advisory now owns 164,326 shares of the company’s stock valued at $4,001,000 after acquiring an additional 1,274 shares in the last quarter. Finally, ForthRight Wealth Management LLC increased its stake in shares of First Trust DJ Global Select Dividend Index Fund by 0.9% during the third quarter. ForthRight Wealth Management LLC now owns 143,124 shares of the company’s stock valued at $3,485,000 after acquiring an additional 1,230 shares during the period.

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.