First Trust Dow Jones International Internet ETF $FDNI Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC reduced its stake in First Trust Dow Jones International Internet ETF (NASDAQ:FDNI) by 20.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 538,197 shares of the company’s stock after selling 138,986 shares during the quarter. NewEdge Advisors LLC owned approximately 48.93% of First Trust Dow Jones International Internet ETF worth $13,694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. ICONIQ Capital LLC acquired a new position in shares of First Trust Dow Jones International Internet ETF during the 4th quarter valued at about $79,000. Warner Group LLC increased its position in First Trust Dow Jones International Internet ETF by 14.2% during the first quarter. Warner Group LLC now owns 129,958 shares of the company’s stock worth $3,538,000 after purchasing an additional 16,111 shares during the last quarter. Citadel Advisors LLC increased its position in First Trust Dow Jones International Internet ETF by 17.6% during the second quarter. Citadel Advisors LLC now owns 42,412 shares of the company’s stock worth $1,079,000 after purchasing an additional 6,358 shares during the last quarter. Raymond James Financial Inc. raised its stake in First Trust Dow Jones International Internet ETF by 5.1% during the third quarter. Raymond James Financial Inc. now owns 131,362 shares of the company’s stock worth $5,090,000 after purchasing an additional 6,415 shares during the period. Finally, OLD Mission Capital LLC raised its stake in First Trust Dow Jones International Internet ETF by 1,092.1% during the fourth quarter. OLD Mission Capital LLC now owns 85,115 shares of the company’s stock worth $2,887,000 after purchasing an additional 77,975 shares during the period.

First Trust Dow Jones International Internet ETF Price Performance

NASDAQ:FDNI opened at $26.19 on Friday. The company’s 50-day moving average is $27.66 and its two-hundred day moving average is $27.63. First Trust Dow Jones International Internet ETF has a 1-year low of $23.99 and a 1-year high of $39.97. The firm has a market capitalization of $28.81 million, a price-to-earnings ratio of 21.90 and a beta of 0.89.

About First Trust Dow Jones International Internet ETF

The First Trust Dow Jones International Internet ETF (FDNI) is an exchange-traded fund that is based on the Dow Jones International Internet index, a market-cap-weighted index that holds a concentrated portfolio of the largest internet services and commerce companies outside of the US. FDNI was launched on Nov 5, 2018 and is managed by First Trust.