First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Hits New 52-Week High – Here’s What Happened

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) reached a new 52-week high during trading on Friday. The company traded as high as $299.00 and last traded at $297.9230, with a volume of 4153 shares. The stock had previously closed at $294.97.

First Trust Dow Jones Internet Index Fund Trading Up 1.5%

The company’s 50 day moving average is $289.55 and its 200 day moving average is $272.22. The company has a market cap of $5.45 billion, a PE ratio of 32.59 and a beta of 1.23.

Institutional Trading of First Trust Dow Jones Internet Index Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. First Heartland Consultants Inc. purchased a new position in First Trust Dow Jones Internet Index Fund during the 3rd quarter worth $380,000. Atwood & Palmer Inc. purchased a new stake in shares of First Trust Dow Jones Internet Index Fund in the 3rd quarter worth $100,000. Apella Capital LLC lifted its holdings in shares of First Trust Dow Jones Internet Index Fund by 5.4% in the 3rd quarter. Apella Capital LLC now owns 1,077 shares of the company’s stock worth $318,000 after buying an additional 55 shares during the period. Toth Financial Advisory Corp bought a new position in shares of First Trust Dow Jones Internet Index Fund during the 3rd quarter worth $3,672,000. Finally, Wealth Enhancement Trust Services Inc. bought a new position in shares of First Trust Dow Jones Internet Index Fund during the 3rd quarter worth $1,201,000. 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.