First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Reaches New 1-Year High – Here’s What Happened

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $258.54 and last traded at $258.49, with a volume of 706698 shares traded. The stock had previously closed at $256.26.

First Trust Dow Jones Internet Index Fund Stock Up 0.9 %

The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 36.60 and a beta of 1.47. The stock has a 50 day simple moving average of $246.51 and a 200 day simple moving average of $221.08.

Hedge Funds Weigh In On First Trust Dow Jones Internet Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Daymark Wealth Partners LLC boosted its holdings in shares of First Trust Dow Jones Internet Index Fund by 1.0% in the third quarter. Daymark Wealth Partners LLC now owns 33,845 shares of the company’s stock worth $7,169,000 after buying an additional 333 shares during the period. Brookstone Capital Management bought a new stake in shares of First Trust Dow Jones Internet Index Fund in the 3rd quarter valued at approximately $853,000. Davis Investment Partners LLC acquired a new position in shares of First Trust Dow Jones Internet Index Fund during the 3rd quarter worth $891,000. GAMMA Investing LLC raised its holdings in shares of First Trust Dow Jones Internet Index Fund by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $265,000 after purchasing an additional 231 shares in the last quarter. Finally, Private Client Services LLC acquired a new stake in shares of First Trust Dow Jones Internet Index Fund in the 3rd quarter valued at $260,000.

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.