First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBT) Sees Large Volume Increase – Here’s What Happened

Shares of First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBTGet Free Report) saw strong trading volume on Monday . 52,210 shares traded hands during trading, an increase of 83% from the previous session’s volume of 28,506 shares.The stock last traded at $180.98 and had previously closed at $179.35.

First Trust NYSE Arca Biotechnology Index Fund Trading Up 0.7 %

The firm has a fifty day simple moving average of $171.56 and a two-hundred day simple moving average of $169.81. The firm has a market cap of $1.36 billion, a PE ratio of 17.20 and a beta of 0.86.

Hedge Funds Weigh In On First Trust NYSE Arca Biotechnology Index Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dominguez Wealth Management Solutions Inc. purchased a new stake in First Trust NYSE Arca Biotechnology Index Fund in the third quarter worth about $201,000. Blue Trust Inc. increased its stake in First Trust NYSE Arca Biotechnology Index Fund by 3,248.6% during the 3rd quarter. Blue Trust Inc. now owns 1,172 shares of the company’s stock valued at $202,000 after purchasing an additional 1,137 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in First Trust NYSE Arca Biotechnology Index Fund in the third quarter worth about $203,000. Synovus Financial Corp bought a new position in shares of First Trust NYSE Arca Biotechnology Index Fund in the third quarter worth approximately $203,000. Finally, Wharton Business Group LLC bought a new stake in shares of First Trust NYSE Arca Biotechnology Index Fund during the third quarter valued at approximately $206,000.

First Trust NYSE Arca Biotechnology Index Fund Company Profile

(Get Free Report)

The First Trust NYSE Arca Biotechnology Index Fund (FBT) is an exchange-traded fund that is based on the NYSE Arca Biotechnology index. The fund tracks an equal-weighted index of US biotechnology stocks. FBT was launched on Jun 19, 2006 and is managed by First Trust.

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