First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Shares Down 1.2% – Time to Sell?

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) shares were down 1.2% on Wednesday . The company traded as low as $261.04 and last traded at $262.97. Approximately 461,791 shares traded hands during trading, a decline of 6% from the average daily volume of 490,209 shares. The stock had previously closed at $266.08.

First Trust Dow Jones Internet Index Fund Trading Down 1.2 %

The company has a fifty day moving average of $254.21 and a 200-day moving average of $229.82. The stock has a market cap of $7.86 billion, a PE ratio of 36.60 and a beta of 1.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Exencial Wealth Advisors LLC lifted its stake in First Trust Dow Jones Internet Index Fund by 1.9% in the fourth quarter. Exencial Wealth Advisors LLC now owns 2,088 shares of the company’s stock worth $508,000 after acquiring an additional 39 shares during the last quarter. Nwam LLC increased its holdings in First Trust Dow Jones Internet Index Fund by 0.8% in the fourth quarter. Nwam LLC now owns 5,468 shares of the company’s stock valued at $1,330,000 after buying an additional 42 shares during the last quarter. TruWealth Advisors LLC raised its stake in First Trust Dow Jones Internet Index Fund by 0.7% in the fourth quarter. TruWealth Advisors LLC now owns 6,412 shares of the company’s stock valued at $1,559,000 after buying an additional 44 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in First Trust Dow Jones Internet Index Fund by 1.5% during the 4th quarter. OneDigital Investment Advisors LLC now owns 2,978 shares of the company’s stock worth $724,000 after buying an additional 45 shares during the last quarter. Finally, Destiny Wealth Partners LLC increased its holdings in shares of First Trust Dow Jones Internet Index Fund by 0.9% in the 4th quarter. Destiny Wealth Partners LLC now owns 5,032 shares of the company’s stock valued at $1,224,000 after acquiring an additional 46 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.