First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $299.00 and last traded at $296.8050, with a volume of 7379 shares traded. The stock had previously closed at $296.85.
First Trust Dow Jones Internet Index Fund Stock Performance
The firm has a market cap of $5.39 billion, a P/E ratio of 32.59 and a beta of 1.22. The stock’s 50 day simple moving average is $283.42 and its 200 day simple moving average is $267.85.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in FDN. WCG Wealth Advisors LLC grew its position in shares of First Trust Dow Jones Internet Index Fund by 178.7% during the 4th quarter. WCG Wealth Advisors LLC now owns 71,467 shares of the company’s stock valued at $19,238,000 after purchasing an additional 45,826 shares in the last quarter. LPL Financial LLC raised its position in shares of First Trust Dow Jones Internet Index Fund by 5.6% in the fourth quarter. LPL Financial LLC now owns 839,143 shares of the company’s stock worth $225,881,000 after buying an additional 44,692 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of First Trust Dow Jones Internet Index Fund in the fourth quarter worth $8,602,000. Evelyn Partners Investment Management Europe Ltd bought a new stake in First Trust Dow Jones Internet Index Fund during the fourth quarter valued at $4,604,000. Finally, Gateway Wealth Partners LLC boosted its stake in First Trust Dow Jones Internet Index Fund by 111.2% during the first quarter. Gateway Wealth Partners LLC now owns 22,073 shares of the company’s stock valued at $5,165,000 after buying an additional 11,624 shares during the period. 70.10% of the stock is currently owned by institutional investors and hedge funds.
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. 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.
Further Reading
- Five stocks we like better than First Trust Dow Jones Internet Index Fund
- Can Apple Overtake NVIDIA as the World’s Most Valuable Company?
- Meta Platforms’ Petal Cable Puts Corning at the Center of AI’s Bandwidth Boom
- Tesla’s Delivery Warning Barely Moved the Stock—Here’s What Investors Care About
- Encore Capital Group Has Doubled—But Its Best Tailwind Won’t Last Forever
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.
