First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Trading Down 0.9% – Time to Sell?

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN)’s stock price traded down 0.9% during trading on Thursday . The company traded as low as $229.64 and last traded at $231.08. 199,391 shares traded hands during trading, a decline of 49% from the average session volume of 390,365 shares. The stock had previously closed at $233.22.

First Trust Dow Jones Internet Index Fund Price Performance

The company’s 50-day moving average is $248.13 and its two-hundred day moving average is $236.76. The company has a market cap of $6.54 billion, a P/E ratio of 31.42 and a beta of 1.16.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Park Square Financial Group LLC purchased a new stake in First Trust Dow Jones Internet Index Fund during the fourth quarter valued at $25,000. SRS Capital Advisors Inc. grew its stake in shares of First Trust Dow Jones Internet Index Fund by 1,220.0% during the 4th quarter. SRS Capital Advisors Inc. now owns 132 shares of the company’s stock valued at $32,000 after purchasing an additional 122 shares during the period. Morse Asset Management Inc purchased a new stake in shares of First Trust Dow Jones Internet Index Fund during the 3rd quarter valued at about $33,000. Farther Finance Advisors LLC lifted its stake in shares of First Trust Dow Jones Internet Index Fund by 575.0% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in shares of First Trust Dow Jones Internet Index Fund in the fourth quarter worth approximately $36,000.

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.