First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Sees Strong Trading Volume

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First Trust Dow Jones Internet Index Fund (NYSEARCA:FDNGet Rating) saw unusually-high trading volume on Tuesday . Approximately 18,620 shares were traded during mid-day trading, a decline of 97% from the previous session’s volume of 555,742 shares.The stock last traded at $124.32 and had previously closed at $124.87.

The firm has a 50 day moving average price of $152.96 and a 200-day moving average price of $183.69.

A number of institutional investors have recently bought and sold shares of FDN. Bank of America Corp DE grew its holdings in First Trust Dow Jones Internet Index Fund by 2.8% during the fourth quarter. Bank of America Corp DE now owns 9,035,202 shares of the company’s stock worth $2,043,130,000 after acquiring an additional 243,784 shares during the period. Rollins Financial acquired a new stake in First Trust Dow Jones Internet Index Fund during the fourth quarter worth about $20,581,000. LPL Financial LLC grew its holdings in First Trust Dow Jones Internet Index Fund by 7.2% during the fourth quarter. LPL Financial LLC now owns 1,081,756 shares of the company’s stock worth $244,617,000 after acquiring an additional 72,644 shares during the period. Credit Suisse AG grew its holdings in First Trust Dow Jones Internet Index Fund by 147.1% during the fourth quarter. Credit Suisse AG now owns 84,748 shares of the company’s stock worth $19,164,000 after acquiring an additional 50,456 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new stake in First Trust Dow Jones Internet Index Fund in the first quarter valued at approximately $9,351,000.

First Trust Dow Jones Internet Index Fund Company Profile (NYSEARCA:FDN)

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.

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