First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $233.65 and traded as high as $244.84. First Trust Dow Jones Internet Index Fund shares last traded at $244.41, with a volume of 348,240 shares.

First Trust Dow Jones Internet Index Fund Trading Up 1.7 %

The company has a market cap of $7.04 billion, a price-to-earnings ratio of 31.41 and a beta of 1.12. The company has a fifty day moving average price of $253.36 and a two-hundred day moving average price of $233.65.

Institutional Investors Weigh In On First Trust Dow Jones Internet Index Fund

Large investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of First Trust Dow Jones Internet Index Fund during the fourth quarter worth approximately $113,736,000. Marks Wealth LLC acquired a new stake in First Trust Dow Jones Internet Index Fund during the 4th quarter valued at $33,715,000. Bank of America Corp DE raised its position in First Trust Dow Jones Internet Index Fund by 18.8% in the 4th quarter. Bank of America Corp DE now owns 767,098 shares of the company’s stock valued at $186,535,000 after purchasing an additional 121,158 shares during the last quarter. Prudential PLC raised its position in First Trust Dow Jones Internet Index Fund by 5,775.0% in the 4th quarter. Prudential PLC now owns 117,500 shares of the company’s stock valued at $28,572,000 after purchasing an additional 115,500 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in First Trust Dow Jones Internet Index Fund by 9,441.3% in the fourth quarter. BNP Paribas Financial Markets now owns 100,088 shares of the company’s stock worth $24,338,000 after purchasing an additional 99,039 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.