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-high trading volume on Thursday . Approximately 144,136 shares traded hands during mid-day 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 Price Performance

The firm has a market capitalization of $538.88 million, a PE ratio of 5.73 and a beta of 0.78. The company has a 50-day moving average price of $23.22 and a 200-day moving average price of $23.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creekside Partners lifted its stake in shares of First Trust DJ Global Select Dividend Index Fund by 0.7% during the third quarter. Creekside Partners now owns 118,745 shares of the company’s stock valued at $2,892,000 after buying an additional 769 shares during the period. L.M. Kohn & Company lifted its stake in shares of First Trust DJ Global Select Dividend Index Fund by 1.8% during the 3rd quarter. L.M. Kohn & Company now owns 43,476 shares of the company’s stock worth $1,059,000 after purchasing an additional 781 shares during the period. Foundations Investment Advisors LLC boosted its holdings in shares of 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 purchasing an additional 1,061 shares during the last quarter. ForthRight Wealth Management LLC increased its stake in First Trust DJ Global Select Dividend Index Fund by 0.9% in the third 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. Finally, Matrix Trust Co purchased a new position in First Trust DJ Global Select Dividend Index Fund during the third quarter worth about $30,000.

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.