First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Sets New 1-Year High – Should You Buy?

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $240.90 and last traded at $240.69, with a volume of 106310 shares traded. The stock had previously closed at $238.44.

First Trust Dow Jones Internet Index Fund Stock Up 0.9 %

The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 36.60 and a beta of 1.47. The business’s 50-day simple moving average is $219.69 and its two-hundred day simple moving average is $206.71.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Morse Asset Management Inc purchased a new position in First Trust Dow Jones Internet Index Fund in the third quarter worth approximately $33,000. Carmichael Hill & Associates Inc. lifted its position in shares of First Trust Dow Jones Internet Index Fund by 149.3% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 167 shares of the company’s stock worth $35,000 after buying an additional 100 shares during the last quarter. Private Trust Co. NA raised its position in First Trust Dow Jones Internet Index Fund by 28.0% in the 3rd quarter. Private Trust Co. NA now owns 215 shares of the company’s stock valued at $46,000 after purchasing an additional 47 shares during the last quarter. Activest Wealth Management raised its position in First Trust Dow Jones Internet Index Fund by 132.1% in the 3rd quarter. Activest Wealth Management now owns 246 shares of the company’s stock valued at $52,000 after purchasing an additional 140 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its position in First Trust Dow Jones Internet Index Fund by 602.7% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 260 shares of the company’s stock valued at $53,000 after purchasing an additional 223 shares during the last quarter.

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.