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-strong trading volume on Thursday . Approximately 159,760 shares were traded during 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 Price Performance

The company’s 50 day simple moving average is $198.09 and its 200 day simple moving average is $200.59. The stock has a market cap of $6.28 billion, a P/E ratio of 36.60 and a beta of 1.47.

Institutional Trading of First Trust Dow Jones Internet Index Fund

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