First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Sees Large Volume Increase – Should You Buy?

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) shares saw unusually-strong trading volume on Friday . Approximately 727,681 shares changed hands 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 Stock Down 1.6 %

The business’s fifty day moving average price is $243.64 and its 200 day moving average price is $218.32. The firm has a market capitalization of $7.26 billion, a PE ratio of 36.60 and a beta of 1.47.

Institutional Trading of First Trust Dow Jones Internet Index Fund

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