First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Large Volume Increase

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) saw unusually-strong trading volume on Thursday . Approximately 461,641 shares traded hands during trading, an increase of 350% from the previous session’s volume of 102,502 shares.The stock last traded at $23.97 and had previously closed at $24.21.

First Trust DJ Global Select Dividend Index Fund Stock Down 1.1 %

The business has a 50 day simple moving average of $23.68 and a 200 day simple moving average of $23.14. The company has a market capitalization of $576.95 million, a PE 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. Rothschild Investment LLC acquired a new position in shares of First Trust DJ Global Select Dividend Index Fund in the second quarter valued at about $33,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of First Trust DJ Global Select Dividend Index Fund in the second quarter valued at about $45,000. FinTrust Capital Advisors LLC grew its holdings in First Trust DJ Global Select Dividend Index Fund by 62.5% during the first quarter. FinTrust Capital Advisors LLC now owns 2,079 shares of the company’s stock worth $47,000 after acquiring an additional 800 shares during the period. Family Firm Inc. acquired a new stake in First Trust DJ Global Select Dividend Index Fund during the second quarter worth about $52,000. Finally, CWM LLC grew its holdings in First Trust DJ Global Select Dividend Index Fund by 84.6% during the second quarter. CWM LLC now owns 3,465 shares of the company’s stock worth $77,000 after acquiring an additional 1,588 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.