First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Shares Gap Down to $22.76

Shares of First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) gapped down before the market opened on Thursday . The stock had previously closed at $22.76, but opened at $22.29. First Trust DJ Global Select Dividend Index Fund shares last traded at $22.29, with a volume of 12,813 shares traded.

First Trust DJ Global Select Dividend Index Fund Price Performance

The firm has a market capitalization of $538.18 million, a P/E ratio of 5.73 and a beta of 0.78. The firm’s fifty day moving average price is $23.08 and its 200-day moving average price is $22.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FGD. FinTrust Capital Advisors LLC boosted its stake in shares of First Trust DJ Global Select Dividend Index Fund by 62.5% during the 1st quarter. FinTrust Capital Advisors LLC now owns 2,079 shares of the company’s stock worth $47,000 after acquiring an additional 800 shares in the last quarter. Pineridge Advisors LLC purchased a new stake in shares of First Trust DJ Global Select Dividend Index Fund during the fourth quarter valued at $100,000. Citigroup Inc. lifted its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 600.0% during the third quarter. Citigroup Inc. now owns 4,900 shares of the company’s stock valued at $101,000 after purchasing an additional 4,200 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of First Trust DJ Global Select Dividend Index Fund during the first quarter valued at $207,000. Finally, TFG Advisers LLC purchased a new stake in shares of First Trust DJ Global Select Dividend Index Fund during the fourth quarter valued at $206,000.

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.