First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Hits New 12-Month High – What’s Next?

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $236.72 and last traded at $236.72, with a volume of 95119 shares trading hands. The stock had previously closed at $233.61.

First Trust Dow Jones Internet Index Fund Stock Up 0.3 %

The company’s 50-day simple moving average is $214.36 and its 200 day simple moving average is $205.03. The company has a market capitalization of $7.15 billion, a P/E ratio of 36.60 and a beta of 1.47.

Institutional Trading of First Trust Dow Jones Internet Index Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Carmichael Hill & Associates Inc. increased its holdings 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 valued at $35,000 after acquiring an additional 100 shares during the last quarter. Private Trust Co. NA grew its holdings in First Trust Dow Jones Internet Index Fund by 28.0% during the third 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 shares of First Trust Dow Jones Internet Index Fund by 132.1% in the third 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 period. Farmers & Merchants Investments Inc. lifted its stake in shares of First Trust Dow Jones Internet Index Fund by 602.7% in the second quarter. Farmers & Merchants Investments Inc. now owns 260 shares of the company’s stock worth $53,000 after buying an additional 223 shares during the last quarter. Finally, BOKF NA lifted its stake in shares of First Trust Dow Jones Internet Index Fund by 44.9% in the second quarter. BOKF NA now owns 329 shares of the company’s stock worth $67,000 after buying an additional 102 shares during the last quarter.

About First Trust Dow Jones Internet Index Fund

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.