First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $269.72 and traded as high as $273.78. First Trust Dow Jones Internet Index Fund shares last traded at $267.77, with a volume of 563,254 shares traded.

First Trust Dow Jones Internet Index Fund Stock Down 0.2%

The company has a market cap of $4.94 billion, a PE ratio of 32.59 and a beta of 1.22. The stock has a 50-day moving average of $269.72 and a 200-day moving average of $257.95.

Institutional Trading of First Trust Dow Jones Internet Index Fund

Several institutional investors and hedge funds have recently modified their holdings of FDN. Flaharty Asset Management LLC grew its holdings in shares of First Trust Dow Jones Internet Index Fund by 0.6% during the fourth quarter. Flaharty Asset Management LLC now owns 7,537 shares of the company’s stock worth $2,029,000 after purchasing an additional 42 shares in the last quarter. Petix & Botte Co raised its stake in First Trust Dow Jones Internet Index Fund by 4.1% in the first quarter. Petix & Botte Co now owns 1,284 shares of the company’s stock valued at $300,000 after purchasing an additional 50 shares in the last quarter. Sowell Financial Services LLC raised its stake in First Trust Dow Jones Internet Index Fund by 0.6% in the fourth quarter. Sowell Financial Services LLC now owns 9,240 shares of the company’s stock valued at $2,487,000 after purchasing an additional 57 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its position in First Trust Dow Jones Internet Index Fund by 4.3% during the second quarter. FSB Premier Wealth Management Inc. now owns 1,392 shares of the company’s stock valued at $375,000 after purchasing an additional 57 shares during the last quarter. Finally, Brookstone Capital Management lifted its position in First Trust Dow Jones Internet Index Fund by 1.5% during the first quarter. Brookstone Capital Management now owns 4,080 shares of the company’s stock valued at $955,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 70.10% of the company’s stock.

About First Trust Dow Jones Internet Index Fund

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. The Index represents companies that generate the majority of their revenues via the Internet. The Index aims to represent 80% of the float-adjusted Internet equity universe. The Index contains two sub-indexes, the Dow Jones Internet Commerce Index and the Dow Jones Internet Services Index.