First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Reaches New 12-Month High – Should You Buy?

The First Trust Dow Jones Global Select Dividend Index Fund (FGD) reached a new 52-week high of $34.07, closing at $33.84 with a trading volume of 16,467 shares. The fund, which has a market capitalization of $1.19 billion and a P/E ratio of 9.79, tracks the Dow Jones Global Select Dividend Index. Several institutional investors have recently increased their holdings in FGD, with Raleigh Capital Management Inc. boosting its position by 708.5%.

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