First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Trading Down 1.2% – What’s Next?

Shares of First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) fell 1.2% on Wednesday . The stock traded as low as $261.04 and last traded at $262.97. 461,791 shares changed hands during trading, a decline of 6% from the average session volume of 490,209 shares. The stock had previously closed at $266.08.

First Trust Dow Jones Internet Index Fund Price Performance

The company’s 50-day moving average is $254.21 and its 200-day moving average is $229.82. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 36.60 and a beta of 1.47.

Institutional Trading of First Trust Dow Jones Internet Index Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in First Trust Dow Jones Internet Index Fund by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,062,535 shares of the company’s stock worth $258,377,000 after purchasing an additional 41,531 shares in the last quarter. International Assets Investment Management LLC grew its stake in First Trust Dow Jones Internet Index Fund by 21,573.3% during the third quarter. International Assets Investment Management LLC now owns 890,555 shares of the company’s stock worth $188,646,000 after buying an additional 886,446 shares during the period. Bank of America Corp DE increased its position in shares of First Trust Dow Jones Internet Index Fund by 18.8% in the fourth quarter. Bank of America Corp DE now owns 767,098 shares of the company’s stock worth $186,535,000 after acquiring an additional 121,158 shares in the last quarter. LPL Financial LLC increased its position in shares of First Trust Dow Jones Internet Index Fund by 6.6% in the fourth quarter. LPL Financial LLC now owns 729,116 shares of the company’s stock worth $177,299,000 after acquiring an additional 45,388 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of First Trust Dow Jones Internet Index Fund in the 4th quarter valued at $113,736,000.

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.