First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Trading 1.4% Higher – What’s Next?

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) shares shot up 1.4% during mid-day trading on Monday . The company traded as high as $250.28 and last traded at $249.77. 236,675 shares were traded during mid-day trading, a decline of 14% from the average session volume of 275,992 shares. The stock had previously closed at $246.32.

First Trust Dow Jones Internet Index Fund Trading Up 1.4 %

The firm has a market cap of $7.47 billion, a price-to-earnings ratio of 36.60 and a beta of 1.47. The stock’s 50 day moving average is $242.10 and its 200 day moving average is $217.60.

Institutional Trading of First Trust Dow Jones Internet Index Fund

A number of institutional investors have recently bought and sold shares of the business. Morse Asset Management Inc bought a new stake in shares of First Trust Dow Jones Internet Index Fund during the 3rd quarter valued at $33,000. Carmichael Hill & Associates Inc. lifted its position in First Trust Dow Jones Internet Index Fund by 149.3% during the third quarter. Carmichael Hill & Associates Inc. now owns 167 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares during the period. Private Trust Co. NA grew its stake in First Trust Dow Jones Internet Index Fund by 28.0% during the third quarter. Private Trust Co. NA now owns 215 shares of the company’s stock worth $46,000 after buying 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 about $49,000. Finally, Activest Wealth Management raised its position in shares of 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 buying an additional 140 shares in 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.