First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Stock Price Down 0.9% – What’s Next?

Posted by Jeff Wilder on Mar 29th, 2025

Shares of First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN – Get Free Report) fell 0.9% during mid-day trading on Thursday . The stock traded as low as $229.64 and last traded at $231.08. 199,391 shares changed hands during mid-day 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 Stock Down 3.3 %

The firm’s fifty day moving average is $247.60 and its 200-day moving average is $236.96. The stock has a market capitalization of $6.32 billion, a PE ratio of 31.42 and a beta of 1.16.

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

Several institutional investors have recently modified their holdings of FDN. Wells Fargo & Company MN grew its stake in First Trust Dow Jones Internet Index Fund by 4.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,062,535 shares of the company’s stock valued at $258,377,000 after acquiring an additional 41,531 shares during the last quarter. Bank of America Corp DE grew its position in shares of First Trust Dow Jones Internet Index Fund by 18.8% in the fourth quarter. Bank of America Corp DE now owns 767,098 shares of the company’s stock valued at $186,535,000 after purchasing an additional 121,158 shares during the last quarter. LPL Financial LLC increased its stake in shares of First Trust Dow Jones Internet Index Fund by 6.6% during the 4th quarter. LPL Financial LLC now owns 729,116 shares of the company’s stock worth $177,299,000 after purchasing an additional 45,388 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Dow Jones Internet Index Fund during the 4th quarter worth approximately $113,736,000. Finally, Commonwealth Equity Services LLC lifted its stake in First Trust Dow Jones Internet Index Fund by 3.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 148,644 shares of the company’s stock valued at $36,146,000 after buying an additional 5,071 shares in the last quarter.

About First Trust Dow Jones Internet Index Fund

(Get Free Report)

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.