First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Sees Strong Trading Volume – Time to Buy?

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) saw unusually-high trading volume on Friday . Approximately 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 stock has a fifty day moving average of $223.45 and a 200-day moving average of $208.06. The stock has a market cap of $7.24 billion, a PE ratio of 36.60 and a beta of 1.47.

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

Institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in First Trust Dow Jones Internet Index Fund by 6.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,993 shares of the company’s stock valued at $1,638,000 after purchasing an additional 505 shares in the last quarter. Apeiron RIA LLC lifted its position in shares of 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 acquiring an additional 164 shares during the period. Burke & Herbert Bank & Trust Co. acquired a new stake in shares of First Trust Dow Jones Internet Index Fund during the 2nd quarter valued at approximately $1,044,000. Dynamic Advisor Solutions LLC lifted its position in shares of 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 acquiring an additional 131 shares during the period. Finally, Wealth Management Partners LLC lifted its position in shares of First Trust Dow Jones Internet Index Fund by 5.8% during the 2nd quarter. Wealth Management Partners LLC now owns 34,262 shares of the company’s stock valued at $7,022,000 after acquiring an additional 1,891 shares during the period.

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.