First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Hits New 1-Year High – Here’s Why

Shares of First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $236.72 and last traded at $236.72, with a volume of 95119 shares changing hands. The stock had previously closed at $233.61.

First Trust Dow Jones Internet Index Fund Trading Up 0.3 %

The company has a market cap of $7.15 billion, a price-to-earnings ratio of 36.60 and a beta of 1.47. The business has a 50-day moving average price of $214.36 and a 200 day moving average price of $205.03.

Hedge Funds Weigh In On First Trust Dow Jones Internet Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FDN. Carmichael Hill & Associates Inc. boosted its stake in shares of First Trust Dow Jones Internet Index Fund by 149.3% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 167 shares of the company’s stock valued at $35,000 after buying an additional 100 shares during the period. Private Trust Co. NA boosted its position in First Trust Dow Jones Internet Index Fund by 28.0% during the third quarter. Private Trust Co. NA now owns 215 shares of the company’s stock valued at $46,000 after purchasing an additional 47 shares during the last quarter. Activest Wealth Management grew its stake in First Trust Dow Jones Internet Index Fund by 132.1% in the third quarter. Activest Wealth Management now owns 246 shares of the company’s stock valued at $52,000 after purchasing an additional 140 shares in the last quarter. Farmers & Merchants Investments Inc. grew its stake in First Trust Dow Jones Internet Index Fund by 602.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 260 shares of the company’s stock valued at $53,000 after purchasing an additional 223 shares in the last quarter. Finally, BOKF NA increased its position in First Trust Dow Jones Internet Index Fund by 44.9% in the 2nd quarter. BOKF NA now owns 329 shares of the company’s stock worth $67,000 after purchasing an additional 102 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.