First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) saw strong trading volume on Friday . 1,250,313 shares were traded during trading, an increase of 225% from the previous session’s volume of 384,700 shares.The stock last traded at $241.99 and had previously closed at $241.57.

First Trust Dow Jones Internet Index Fund Stock Up 0.2 %

The business has a 50-day moving average price of $224.09 and a two-hundred day moving average price of $208.34. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 36.60 and a beta of 1.47.

Hedge Funds Weigh In On First Trust Dow Jones Internet Index Fund

Institutional investors have recently modified their holdings of the company. Great Valley Advisor Group Inc. raised its position in First Trust Dow Jones Internet Index Fund by 12.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 3,855 shares of the company’s stock valued at $790,000 after buying an additional 417 shares during the last quarter. Quantum Private Wealth LLC grew its holdings in First Trust Dow Jones Internet Index Fund by 3.5% during the 2nd quarter. Quantum Private Wealth LLC now owns 7,554 shares of the company’s stock valued at $1,548,000 after buying an additional 252 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in First Trust Dow Jones Internet Index Fund by 3.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,295 shares of the company’s stock valued at $880,000 after buying an additional 131 shares in the last quarter. Burke & Herbert Bank & Trust Co. purchased a new position in First Trust Dow Jones Internet Index Fund during the 2nd quarter valued at about $1,044,000. Finally, Apeiron RIA LLC grew its holdings in First Trust Dow Jones Internet Index Fund by 3.8% during the 2nd quarter. Apeiron RIA LLC now owns 4,499 shares of the company’s stock valued at $922,000 after buying an additional 164 shares in the last quarter.

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.