First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Sees Strong Trading Volume

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) shares saw unusually-high trading volume on Thursday . Approximately 159,760 shares traded hands during mid-day trading, a decline of 57% from the previous session’s volume of 374,180 shares.The stock last traded at $207.92 and had previously closed at $203.80.

First Trust Dow Jones Internet Index Fund Stock Performance

The business’s fifty day moving average is $198.09 and its 200-day moving average is $200.59. The firm has a market cap of $6.28 billion, a P/E ratio of 36.60 and a beta of 1.47.

Hedge Funds Weigh In On First Trust Dow Jones Internet Index Fund

Large investors have recently modified their holdings of the business. Founders Financial Alliance LLC increased its holdings in First Trust Dow Jones Internet Index Fund by 3.2% in the fourth quarter. Founders Financial Alliance LLC now owns 2,348 shares of the company’s stock valued at $438,000 after purchasing an additional 72 shares during the period. Summit Financial LLC lifted its holdings in First Trust Dow Jones Internet Index Fund by 1.6% during the 2nd quarter. Summit Financial LLC now owns 4,736 shares of the company’s stock worth $971,000 after buying an additional 75 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of First Trust Dow Jones Internet Index Fund by 1.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 7,356 shares of the company’s stock valued at $1,508,000 after buying an additional 86 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of First Trust Dow Jones Internet Index Fund by 6.7% in the second quarter. Benjamin Edwards Inc. now owns 1,383 shares of the company’s stock valued at $283,000 after buying an additional 87 shares during the period. Finally, TriaGen Wealth Management LLC raised its position in shares of First Trust Dow Jones Internet Index Fund by 0.7% during the second quarter. TriaGen Wealth Management LLC now owns 12,570 shares of the company’s stock worth $2,576,000 after acquiring an additional 92 shares during the last quarter.

First Trust Dow Jones Internet Index Fund Company Profile

First Trust Dow Jones Internet Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Internet Composite Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.