First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Sees Unusually-High Trading Volume – Time to Buy?

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) saw strong trading volume on Monday . 239,464 shares traded hands during trading, a decline of 38% from the previous session’s volume of 383,220 shares.The stock last traded at $230.93 and had previously closed at $230.78.

First Trust Dow Jones Internet Index Fund Price Performance

The firm has a 50-day moving average of $216.72 and a 200-day moving average of $205.84. The stock has a market cap of $6.92 billion, a PE ratio of 36.60 and a beta of 1.47.

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

A number of institutional investors have recently added to or reduced their stakes in FDN. Morse Asset Management Inc bought a new position in shares of First Trust Dow Jones Internet Index Fund during the third quarter worth $33,000. Carmichael Hill & Associates Inc. lifted its stake in First Trust Dow Jones Internet Index Fund by 149.3% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 167 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of First Trust Dow Jones Internet Index Fund by 28.0% during the 3rd 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 grew its position in shares of First Trust Dow Jones Internet Index Fund by 132.1% during 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 in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its holdings 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 purchasing an additional 223 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.