First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBT – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 79,809 shares traded hands during trading, an increase of 170% from the previous session’s volume of 29,609 shares.The stock last traded at $172.70 and had previously closed at $173.55.
First Trust NYSE Arca Biotechnology Index Fund Price Performance
The stock has a market capitalization of $1.31 billion, a PE ratio of 17.20 and a beta of 0.86. The company’s 50 day moving average price is $170.27 and its two-hundred day moving average price is $168.47.
Hedge Funds Weigh In On First Trust NYSE Arca Biotechnology Index Fund
Several large investors have recently modified their holdings of the business. Dominguez Wealth Management Solutions Inc. acquired a new stake in First Trust NYSE Arca Biotechnology Index Fund in the 3rd quarter valued at approximately $201,000. Blue Trust Inc. lifted its stake in First Trust NYSE Arca Biotechnology Index Fund by 3,248.6% during the 3rd quarter. Blue Trust Inc. now owns 1,172 shares of the company’s stock worth $202,000 after acquiring an additional 1,137 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in First Trust NYSE Arca Biotechnology Index Fund during the 3rd quarter valued at about $203,000. Synovus Financial Corp acquired a new position in First Trust NYSE Arca Biotechnology Index Fund in the 3rd quarter valued at about $203,000. Finally, Wharton Business Group LLC acquired a new stake in shares of First Trust NYSE Arca Biotechnology Index Fund during the third quarter worth about $206,000.
First Trust NYSE Arca Biotechnology Index Fund Company Profile
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.
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