First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Trading Down 1% – Should You Sell?

Shares of First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) were down 1% during trading on Wednesday . The stock traded as low as $23.33 and last traded at $23.50. Approximately 806,815 shares changed hands during mid-day trading, an increase of 703% from the average daily volume of 100,482 shares. The stock had previously closed at $23.74.

First Trust DJ Global Select Dividend Index Fund Price Performance

The firm has a fifty day moving average of $23.95 and a 200 day moving average of $23.39. The stock has a market capitalization of $566.35 million, a price-to-earnings ratio of 5.73 and a beta of 0.78.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lynx Investment Advisory acquired a new position in shares of First Trust DJ Global Select Dividend Index Fund during the 2nd quarter worth about $3,641,000. Creekside Partners acquired a new stake in shares of First Trust DJ Global Select Dividend Index Fund during the second quarter worth about $2,635,000. Cetera Investment Advisers purchased a new stake in shares of First Trust DJ Global Select Dividend Index Fund in the 1st quarter valued at about $2,282,000. Susquehanna International Group LLP boosted its position in shares of First Trust DJ Global Select Dividend Index Fund by 35.8% in the 2nd quarter. Susquehanna International Group LLP now owns 192,940 shares of the company’s stock valued at $4,309,000 after purchasing an additional 50,818 shares during the period. Finally, AE Wealth Management LLC grew its stake in First Trust DJ Global Select Dividend Index Fund by 5.5% during the 2nd quarter. AE Wealth Management LLC now owns 863,706 shares of the company’s stock worth $19,288,000 after buying an additional 44,915 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.