First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN – Get Free Report)’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 capitalization of $4.94 billion, a PE ratio of 32.59 and a beta of 1.22. The company has a 50-day moving average price of $269.72 and a two-hundred day moving average price of $257.95.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in FDN. AQR Capital Management LLC lifted its holdings in shares of First Trust Dow Jones Internet Index Fund by 29.9% in the first quarter. AQR Capital Management LLC now owns 1,629 shares of the company’s stock worth $362,000 after buying an additional 375 shares in the last quarter. Russell Investments Group Ltd. grew its stake in First Trust Dow Jones Internet Index Fund by 8.6% during the second quarter. Russell Investments Group Ltd. now owns 1,691 shares of the company’s stock valued at $455,000 after acquiring an additional 134 shares in the last quarter. Brown Advisory Inc. increased its holdings in First Trust Dow Jones Internet Index Fund by 35.9% during the 2nd quarter. Brown Advisory Inc. now owns 1,716 shares of the company’s stock worth $462,000 after acquiring an additional 453 shares during the period. Quantinno Capital Management LP increased its holdings in First Trust Dow Jones Internet Index Fund by 16.1% during the 2nd quarter. Quantinno Capital Management LP now owns 3,093 shares of the company’s stock worth $833,000 after acquiring an additional 430 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in First Trust Dow Jones Internet Index Fund during the 2nd quarter worth approximately $195,000. 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.
Recommended Stories
- Five stocks we like better than First Trust Dow Jones Internet Index Fund
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for First Trust Dow Jones Internet Index Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Dow Jones Internet Index Fund and related companies with MarketBeat.com's FREE daily email newsletter.
