First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $243.82 and traded as low as $199.57. First Trust Dow Jones Internet Index Fund shares last traded at $200.64, with a volume of 482,656 shares.

First Trust Dow Jones Internet Index Fund Price Performance

The company has a market cap of $5.62 billion, a PE ratio of 31.70 and a beta of 1.22. The firm has a 50-day simple moving average of $243.82 and a two-hundred day simple moving average of $237.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Park Square Financial Group LLC purchased a new position in First Trust Dow Jones Internet Index Fund in the fourth quarter valued at approximately $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 fourth quarter. SRS Capital Advisors Inc. now owns 132 shares of the company’s stock valued at $32,000 after acquiring an additional 122 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of First Trust Dow Jones Internet Index Fund during the third quarter worth about $33,000. Farther Finance Advisors LLC boosted its stake in shares of First Trust Dow Jones Internet Index Fund by 575.0% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of First Trust Dow Jones Internet Index Fund in the 4th quarter valued at about $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.