First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $22.90 and traded as low as $22.38. First Trust DJ Global Select Dividend Index Fund shares last traded at $22.39, with a volume of 60,940 shares changing hands.

First Trust DJ Global Select Dividend Index Fund Trading Up 0.1 %

The firm has a 50 day moving average price of $22.90 and a 200-day moving average price of $23.33. The firm has a market cap of $539.60 million, a price-to-earnings ratio of 5.73 and a beta of 0.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of First Trust DJ Global Select Dividend Index Fund by 26.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 9,602 shares of the company’s stock worth $214,000 after purchasing an additional 2,021 shares during the last quarter. AE Wealth Management LLC grew its holdings in First Trust DJ Global Select Dividend Index Fund by 5.5% in the 2nd quarter. AE Wealth Management LLC now owns 863,706 shares of the company’s stock valued at $19,288,000 after buying an additional 44,915 shares during the period. Susquehanna International Group LLP increased its stake in shares of First Trust DJ Global Select Dividend Index Fund by 35.8% during the 2nd 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 during the last quarter. Truist Financial Corp boosted its position in shares of First Trust DJ Global Select Dividend Index Fund by 14.2% in the second quarter. Truist Financial Corp now owns 37,350 shares of the company’s stock worth $834,000 after acquiring an additional 4,657 shares during the last quarter. Finally, Creekside Partners purchased a new stake in First Trust DJ Global Select Dividend Index Fund in the second quarter valued at approximately $2,635,000.

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.