First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) saw strong trading volume on Friday . 1,250,313 shares changed hands during mid-day trading, an increase of 225% from the previous session’s volume of 384,700 shares.The stock last traded at $241.99 and had previously closed at $241.57.

First Trust Dow Jones Internet Index Fund Stock Performance

The stock has a 50-day moving average of $224.09 and a two-hundred day moving average of $208.34. The company has a market cap of $7.24 billion, a P/E ratio of 36.60 and a beta of 1.47.

Institutional Trading of First Trust Dow Jones Internet Index Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morse Asset Management Inc purchased a new position in shares of First Trust Dow Jones Internet Index Fund during the third quarter valued at approximately $33,000. Carmichael Hill & Associates Inc. increased its stake in shares of First Trust Dow Jones Internet Index Fund by 149.3% during the third quarter. Carmichael Hill & Associates Inc. now owns 167 shares of the company’s stock valued at $35,000 after buying an additional 100 shares during the period. Private Trust Co. NA increased its stake in shares of First Trust Dow Jones Internet Index Fund by 28.0% during the third quarter. Private Trust Co. NA now owns 215 shares of the company’s stock valued at $46,000 after buying an additional 47 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of First Trust Dow Jones Internet Index Fund during the third quarter valued at approximately $49,000. Finally, Activest Wealth Management increased its stake in shares of First Trust Dow Jones Internet Index Fund by 132.1% during the third quarter. Activest Wealth Management now owns 246 shares of the company’s stock valued at $52,000 after buying an additional 140 shares during the period.

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.