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

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $258.54 and last traded at $258.49, with a volume of 706698 shares trading hands. The stock had previously closed at $256.26.

First Trust Dow Jones Internet Index Fund Stock Up 0.0 %

The stock has a market cap of $7.73 billion, a P/E ratio of 36.60 and a beta of 1.47. The company’s 50 day moving average price is $247.51 and its 200-day moving average price is $221.68.

Institutional Trading of First Trust Dow Jones Internet Index Fund

Several hedge funds have recently modified their holdings of the stock. Wagner Wealth Management LLC boosted its holdings in First Trust Dow Jones Internet Index Fund by 0.7% during the 3rd quarter. Wagner Wealth Management LLC now owns 9,030 shares of the company’s stock worth $1,913,000 after acquiring an additional 63 shares during the last quarter. Brookstone Capital Management bought a new position in shares of First Trust Dow Jones Internet Index Fund during the third quarter valued at about $853,000. Watts Gwilliam & Co. LLC purchased a new stake in shares of First Trust Dow Jones Internet Index Fund during the third quarter valued at approximately $1,664,000. GAMMA Investing LLC raised its stake 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 worth $265,000 after purchasing an additional 231 shares during the period. Finally, Daymark Wealth Partners LLC grew its position in shares of First Trust Dow Jones Internet Index Fund by 1.0% during the 3rd quarter. Daymark Wealth Partners LLC now owns 33,845 shares of the company’s stock valued at $7,169,000 after acquiring an additional 333 shares during the period.

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.