First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Sees Large Volume Increase

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First Trust Dow Jones Internet Index Fund (NYSEARCA:FDNGet Rating) saw unusually-high trading volume on Monday . Approximately 71,904 shares traded hands during mid-day trading, a decline of 87% from the previous session’s volume of 566,592 shares.The stock last traded at $135.06 and had previously closed at $135.51.

First Trust Dow Jones Internet Index Fund Price Performance

The business’s fifty day moving average is $141.84 and its two-hundred day moving average is $150.10.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in First Trust Dow Jones Internet Index Fund by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,403,635 shares of the company’s stock valued at $317,404,000 after buying an additional 41,154 shares during the last quarter. LPL Financial LLC raised its stake in First Trust Dow Jones Internet Index Fund by 7.2% during the 4th quarter. LPL Financial LLC now owns 1,081,756 shares of the company’s stock valued at $244,617,000 after buying an additional 72,644 shares during the last quarter. Millennium Management LLC purchased a new stake in First Trust Dow Jones Internet Index Fund during the 2nd quarter valued at $111,333,000. Assetmark Inc. raised its stake in First Trust Dow Jones Internet Index Fund by 1,187,726.7% during the 2nd quarter. Assetmark Inc. now owns 534,522 shares of the company’s stock valued at $67,900,000 after buying an additional 534,477 shares during the last quarter. Finally, First Republic Investment Management Inc. increased its stake in shares of First Trust Dow Jones Internet Index Fund by 7.0% in the 1st quarter. First Republic Investment Management Inc. now owns 446,210 shares of the company’s stock worth $83,834,000 after purchasing an additional 29,167 shares in the last quarter.

First Trust Dow Jones Internet Index Fund Company Profile

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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.

Further Reading

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