First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Hits New 12-Month High – What’s Next?

Posted by James Nelson on Dec 4th, 2024

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $244.87 and last traded at $244.50, with a volume of 50605 shares. The stock had previously closed at $241.99.

First Trust Dow Jones Internet Index Fund Price Performance

The company has a market cap of $7.35 billion, a P/E ratio of 36.60 and a beta of 1.47. The stock has a fifty day moving average price of $225.42 and a two-hundred day moving average price of $208.94.

Institutional Trading of First Trust Dow Jones Internet Index Fund

Several institutional investors have recently modified their holdings of FDN. Peapack Gladstone Financial Corp raised its holdings in shares of First Trust Dow Jones Internet Index Fund by 2,224.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 39,346 shares of the company’s stock worth $8,335,000 after purchasing an additional 37,653 shares in the last quarter. Synovus Financial Corp increased its holdings in shares of First Trust Dow Jones Internet Index Fund by 15.7% in the third quarter. Synovus Financial Corp now owns 4,266 shares of the company’s stock valued at $904,000 after buying an additional 580 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Dow Jones Internet Index Fund during the 3rd quarter valued at $49,000. World Investment Advisors LLC bought a new stake in shares of First Trust Dow Jones Internet Index Fund during the 3rd quarter worth $5,002,000. Finally, Tudor Financial Inc. acquired a new position in shares of First Trust Dow Jones Internet Index Fund in the 3rd quarter worth $1,108,000.

About First Trust Dow Jones Internet Index Fund

(Get Free Report)

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.