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

Shares of First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) saw unusually-strong trading volume on Friday . Approximately 727,681 shares changed hands during trading, an increase of 153% from the previous session’s volume of 287,452 shares.The stock last traded at $243.17 and had previously closed at $246.93.

First Trust Dow Jones Internet Index Fund Trading Down 1.6 %

The stock has a market capitalization of $7.27 billion, a P/E ratio of 36.60 and a beta of 1.47. The firm’s fifty day moving average is $244.06 and its 200-day moving average is $218.74.

Institutional Investors Weigh In On First Trust Dow Jones Internet Index Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. HBW Advisory Services LLC bought a new position in shares of First Trust Dow Jones Internet Index Fund in the fourth quarter worth about $427,000. Private Client Services LLC increased its holdings in shares of First Trust Dow Jones Internet Index Fund by 15.7% in the fourth quarter. Private Client Services LLC now owns 1,420 shares of the company’s stock valued at $345,000 after purchasing an additional 193 shares in the last quarter. Worth Asset Management LLC increased its holdings in shares of First Trust Dow Jones Internet Index Fund by 220.4% in the fourth quarter. Worth Asset Management LLC now owns 5,524 shares of the company’s stock valued at $1,343,000 after purchasing an additional 3,800 shares in the last quarter. Insight Wealth Strategies LLC bought a new position in First Trust Dow Jones Internet Index Fund in the 4th quarter worth approximately $8,446,000. Finally, Modus Advisors LLC acquired a new position in First Trust Dow Jones Internet Index Fund during the 4th quarter worth $59,000.

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.