First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $233.65 and traded as high as $244.84. First Trust Dow Jones Internet Index Fund shares last traded at $244.41, with a volume of 348,240 shares traded.

First Trust Dow Jones Internet Index Fund Trading Up 1.7 %

The firm has a market cap of $7.04 billion, a P/E ratio of 31.41 and a beta of 1.12. The company’s 50-day moving average is $253.36 and its two-hundred day moving average is $233.65.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Activest Wealth Management increased its stake 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 buying an additional 140 shares during the last quarter. LMR Partners LLP bought a new position in shares of First Trust Dow Jones Internet Index Fund in the third quarter valued at approximately $3,204,000. Claro Advisors LLC increased its position in shares of First Trust Dow Jones Internet Index Fund by 7.7% during the third quarter. Claro Advisors LLC now owns 1,833 shares of the company’s stock valued at $388,000 after acquiring an additional 131 shares during the last quarter. Sather Financial Group Inc bought a new stake in First Trust Dow Jones Internet Index Fund during the third quarter worth $284,000. Finally, 1776 Wealth LLC lifted its holdings in First Trust Dow Jones Internet Index Fund by 2.4% during the third quarter. 1776 Wealth LLC now owns 6,888 shares of the company’s stock worth $1,459,000 after acquiring an additional 159 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.