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

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $261.53 and last traded at $260.82, with a volume of 746649 shares. The stock had previously closed at $255.25.

First Trust Dow Jones Internet Index Fund Stock Performance

The company has a market cap of $7.82 billion, a P/E ratio of 36.60 and a beta of 1.47. The firm has a 50 day moving average price of $249.49 and a 200-day moving average price of $223.18.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in shares of First Trust Dow Jones Internet Index Fund by 6.0% in the fourth quarter. Allworth Financial LP now owns 1,835 shares of the company’s stock worth $470,000 after purchasing an additional 104 shares during the period. Principal Securities Inc. increased its position in First Trust Dow Jones Internet Index Fund by 87.8% in the 4th quarter. Principal Securities Inc. now owns 2,432 shares of the company’s stock worth $591,000 after buying an additional 1,137 shares during the period. Quantum Private Wealth LLC boosted its position in shares of First Trust Dow Jones Internet Index Fund by 2.4% in the fourth quarter. Quantum Private Wealth LLC now owns 7,743 shares of the company’s stock valued at $1,883,000 after acquiring an additional 179 shares during the period. Puff Wealth Management LLC acquired a new stake in shares of First Trust Dow Jones Internet Index Fund in the fourth quarter worth $616,000. Finally, Rooted Wealth Advisors Inc. increased its position in First Trust Dow Jones Internet Index Fund by 3.2% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 9,158 shares of the company’s stock worth $2,251,000 after acquiring an additional 284 shares during the period.

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.