First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) Stock Passes Below 50 Day Moving Average – What’s Next?

First Trust DJ Global Select Dividend Index Fund (NYSEARCA:FGD) passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 Stock Performance

The stock has a market capitalization of $539.60 million, a price-to-earnings ratio of 5.73 and a beta of 0.78. The company’s 50 day moving average is $22.90 and its 200 day moving average is $23.34.

Hedge Funds Weigh In On First Trust DJ Global Select Dividend Index Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. TFG Advisers LLC acquired a new position in First Trust DJ Global Select Dividend Index Fund during the third quarter valued at approximately $216,000. Triad Wealth Partners LLC boosted its position in First Trust DJ Global Select Dividend Index Fund by 42.3% during the third quarter. Triad Wealth Partners LLC now owns 17,808 shares of the company’s stock valued at $434,000 after purchasing an additional 5,295 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of First Trust DJ Global Select Dividend Index Fund in the 2nd quarter valued at approximately $216,000. B.O.S.S. Retirement Advisors LLC bought a new position in shares of First Trust DJ Global Select Dividend Index Fund in the 3rd quarter valued at about $474,000. Finally, Twelve Points Wealth Management LLC grew its holdings in First Trust DJ Global Select Dividend Index Fund by 8.7% during the third quarter. Twelve Points Wealth Management LLC now owns 89,705 shares of the company’s stock worth $2,184,000 after purchasing an additional 7,145 shares during the period.

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.