First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Hits New 52-Week High – Time to Buy?

Posted by James Quigley on Jan 29th, 2025

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $261.53 and last traded at $260.82, with a volume of 746649 shares. The stock had previously closed at $255.25.

First Trust Dow Jones Internet Index Fund Stock Performance

The stock has a market capitalization of $7.80 billion, a PE ratio of 36.60 and a beta of 1.47. The business’s 50-day moving average is $248.52 and its two-hundred day moving average is $222.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning grew its stake in shares of First Trust Dow Jones Internet Index Fund by 0.8% during the 2nd quarter. Creative Planning now owns 19,986 shares of the company’s stock worth $4,096,000 after purchasing an additional 156 shares during the period. Sanctuary Advisors LLC acquired a new position in First Trust Dow Jones Internet Index Fund during the second quarter worth about $1,713,000. Private Client Services LLC purchased a new position in First Trust Dow Jones Internet Index Fund in the third quarter valued at about $260,000. GAMMA Investing LLC lifted its position in shares of First Trust Dow Jones Internet Index Fund by 22.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $265,000 after acquiring an additional 231 shares during the period. Finally, Davis Investment Partners LLC purchased a new stake in shares of First Trust Dow Jones Internet Index Fund during the 3rd quarter worth approximately $891,000.

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.