First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Trading Down 2.4%

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) shares dropped 2.4% during mid-day trading on Friday . The company traded as low as $192.56 and last traded at $193.11. Approximately 223,578 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 384,546 shares. The stock had previously closed at $197.94.

First Trust Dow Jones Internet Index Fund Price Performance

The company has a market capitalization of $5.77 billion, a PE ratio of 36.60 and a beta of 1.47. The business’s 50 day simple moving average is $199.13 and its 200 day simple moving average is $200.52.

Institutional Investors Weigh In On First Trust Dow Jones Internet Index Fund

Several large investors have recently bought and sold shares of FDN. Wealthcare Advisory Partners LLC acquired a new stake in First Trust Dow Jones Internet Index Fund during the 4th quarter worth $221,000. Lincoln National Corp lifted its holdings in shares of First Trust Dow Jones Internet Index Fund by 7.2% in the fourth quarter. Lincoln National Corp now owns 2,630 shares of the company’s stock valued at $491,000 after purchasing an additional 177 shares in the last quarter. Principal Securities Inc. acquired a new stake in First Trust Dow Jones Internet Index Fund during the 4th quarter valued at $397,000. Iams Wealth Management LLC increased its position in First Trust Dow Jones Internet Index Fund by 18.1% during the 4th quarter. Iams Wealth Management LLC now owns 7,708 shares of the company’s stock worth $1,438,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Rooted Wealth Advisors Inc. raised its position in shares of First Trust Dow Jones Internet Index Fund by 3.8% in the fourth quarter. Rooted Wealth Advisors Inc. now owns 6,755 shares of the company’s stock valued at $1,339,000 after buying an additional 249 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.