First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN – Get Free Report) was up 0.3% on Monday . The company traded as high as $273.21 and last traded at $270.54. Approximately 225,606 shares were traded during mid-day trading, a decline of 57% from the average session volume of 526,021 shares. The stock had previously closed at $269.76.
First Trust Dow Jones Internet Index Fund Price Performance
The company has a 50-day moving average price of $270.10 and a 200-day moving average price of $258.18. The firm has a market capitalization of $5.07 billion, a PE ratio of 32.59 and a beta of 1.22.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in FDN. SHP Wealth Management acquired a new stake in shares of First Trust Dow Jones Internet Index Fund during the 4th quarter worth about $27,000. Curio Wealth LLC acquired a new position in shares of First Trust Dow Jones Internet Index Fund in the fourth quarter valued at approximately $28,000. Hyposwiss Advisors SA acquired a new position in shares of First Trust Dow Jones Internet Index Fund in the fourth quarter valued at approximately $32,000. Park National Corp OH purchased a new position in shares of First Trust Dow Jones Internet Index Fund during the first quarter valued at approximately $28,000. Finally, Providence Capital Advisors LLC purchased a new position in shares of First Trust Dow Jones Internet Index Fund during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 70.10% of the company’s stock.
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. The Index represents companies that generate the majority of their revenues via the Internet. The Index aims to represent 80% of the float-adjusted Internet equity universe. The Index contains two sub-indexes, the Dow Jones Internet Commerce Index and the Dow Jones Internet Services Index.
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