First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBT) Sees Large Volume Increase

Shares of First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBT) saw an uptick in trading volume on Monday . 73,004 shares were traded during trading, an increase of 182% from the previous session’s volume of 25,887 shares.The stock last traded at $171.67 and had previously closed at $170.92.

First Trust NYSE Arca Biotechnology Index Fund Trading Up 0.6 %

The stock has a 50 day moving average price of $165.44 and a 200-day moving average price of $156.12. The stock has a market capitalization of $1.30 billion, a PE ratio of 17.20 and a beta of 0.86.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Strategic Financial Concepts LLC purchased a new position in First Trust NYSE Arca Biotechnology Index Fund during the second quarter valued at approximately $26,000. Independence Bank of Kentucky purchased a new stake in First Trust NYSE Arca Biotechnology Index Fund in the 1st quarter worth $31,000. Principal Securities Inc. bought a new stake in First Trust NYSE Arca Biotechnology Index Fund during the fourth quarter valued at about $32,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of First Trust NYSE Arca Biotechnology Index Fund in the second quarter valued at about $130,000. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust NYSE Arca Biotechnology Index Fund in the second quarter valued at about $166,000.

About First Trust NYSE Arca Biotechnology Index Fund

The First Trust NYSE Arca Biotechnology Index Fund (FBT) is an exchange-traded fund that is based on the NYSE Arca Biotechnology index. The fund tracks an equal-weighted index of US biotechnology stocks. FBT was launched on Jun 19, 2006 and is managed by First Trust.