First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Shares Cross Above 200-Day Moving Average – Here’s Why

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN)’s stock price crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $268.02 and traded as high as $270.02. First Trust Dow Jones Internet Index Fund shares last traded at $268.58, with a volume of 128,211 shares trading hands.

First Trust Dow Jones Internet Index Fund Trading Up 1.7%

The company has a market capitalization of $4.90 billion, a PE ratio of 23.17 and a beta of 1.25. The business’s fifty day moving average is $285.50 and its two-hundred day moving average is $268.10.

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

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in First Trust Dow Jones Internet Index Fund by 4,931.4% in the 3rd quarter. International Assets Investment Management LLC now owns 120,000 shares of the company’s stock worth $34,614,000 after acquiring an additional 117,615 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of First Trust Dow Jones Internet Index Fund during the third quarter valued at approximately $28,331,000. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Dow Jones Internet Index Fund in the 3rd quarter worth $25,638,000. Warner Group LLC grew its holdings in First Trust Dow Jones Internet Index Fund by 74.4% during the 3rd quarter. Warner Group LLC now owns 129,506 shares of the company’s stock worth $37,355,000 after acquiring an additional 55,258 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in First Trust Dow Jones Internet Index Fund during the third quarter valued at approximately $11,442,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.

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.