First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Stock Price Up 1.4% – What’s Next?

Shares of First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) were up 1.4% on Monday . The company traded as high as $250.28 and last traded at $249.77. Approximately 236,675 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 275,992 shares. The stock had previously closed at $246.32.

First Trust Dow Jones Internet Index Fund Price Performance

The company has a market cap of $7.47 billion, a P/E ratio of 36.60 and a beta of 1.47. The stock has a fifty day moving average price of $242.10 and a two-hundred day moving average price of $217.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in First Trust Dow Jones Internet Index Fund in the third quarter worth $33,000. Carmichael Hill & Associates Inc. raised its stake in shares of First Trust Dow Jones Internet Index Fund by 149.3% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 167 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares during the period. Private Trust Co. NA raised its stake in shares of First Trust Dow Jones Internet Index Fund by 28.0% during the 3rd quarter. Private Trust Co. NA now owns 215 shares of the company’s stock worth $46,000 after purchasing 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 in the 3rd quarter worth about $49,000. Finally, Activest Wealth Management increased its holdings in 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 worth $52,000 after buying an additional 140 shares during the last quarter.

About First Trust Dow Jones Internet Index Fund

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.