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

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $258.54 and last traded at $258.49, with a volume of 706698 shares changing hands. The stock had previously closed at $256.26.

First Trust Dow Jones Internet Index Fund Trading Up 0.0 %

The firm’s 50 day simple moving average is $247.51 and its two-hundred day simple moving average is $221.68. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 36.60 and a beta of 1.47.

Institutional Trading of First Trust Dow Jones Internet Index Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Morse Asset Management Inc acquired a new position in First Trust Dow Jones Internet Index Fund during the third quarter worth about $33,000. Carmichael Hill & Associates Inc. grew its holdings 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 valued at $35,000 after purchasing an additional 100 shares during the last quarter. Private Trust Co. NA increased its position in 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in First Trust Dow Jones Internet Index Fund in the 3rd quarter valued at approximately $49,000. Finally, Activest Wealth Management lifted its stake in First Trust Dow Jones Internet Index Fund by 132.1% in the 3rd quarter. Activest Wealth Management now owns 246 shares of the company’s stock valued at $52,000 after purchasing an additional 140 shares during the last quarter.

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.