First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Sees Unusually-High Trading Volume – Should You Buy?

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) saw strong trading volume on Friday . 727,681 shares were traded during mid-day 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 company has a market cap of $7.26 billion, a price-to-earnings ratio of 36.60 and a beta of 1.47. The business has a fifty day moving average of $243.64 and a two-hundred day moving average of $218.32.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AE Wealth Management LLC boosted its stake in shares of First Trust Dow Jones Internet Index Fund by 10.6% in the second quarter. AE Wealth Management LLC now owns 19,015 shares of the company’s stock worth $3,897,000 after acquiring an additional 1,830 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in First Trust Dow Jones Internet Index Fund by 6.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 1,383 shares of the company’s stock worth $283,000 after purchasing an additional 87 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of First Trust Dow Jones Internet Index Fund by 16.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 93,918 shares of the company’s stock worth $19,247,000 after buying an additional 13,456 shares in the last quarter. Etfidea LLC grew its holdings in shares of First Trust Dow Jones Internet Index Fund by 0.9% during the second quarter. Etfidea LLC now owns 11,481 shares of the company’s stock worth $2,353,000 after buying an additional 97 shares in the last quarter. Finally, WCG Wealth Advisors LLC raised its position in shares of First Trust Dow Jones Internet Index Fund by 3.2% in the second quarter. WCG Wealth Advisors LLC now owns 39,087 shares of the company’s stock valued at $8,011,000 after buying an additional 1,209 shares during 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.