First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Shares Up 0.3% – Still a Buy?

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN)’s share price traded up 0.3% during trading on Monday . The company traded as high as $273.21 and last traded at $270.54. 225,606 shares were traded during mid-day trading, a decline of 57% from the average session volume of 526,021 shares. The stock had previously closed at $269.76.

First Trust Dow Jones Internet Index Fund Trading Down 1.7%

The firm’s 50-day simple moving average is $270.24 and its two-hundred day simple moving average is $258.19. The stock has a market capitalization of $4.97 billion, a PE ratio of 32.59 and a beta of 1.22.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its stake in First Trust Dow Jones Internet Index Fund by 29.9% in the 1st quarter. AQR Capital Management LLC now owns 1,629 shares of the company’s stock worth $362,000 after acquiring an additional 375 shares in the last quarter. Russell Investments Group Ltd. grew its stake in First Trust Dow Jones Internet Index Fund by 8.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,691 shares of the company’s stock valued at $455,000 after acquiring an additional 134 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of First Trust Dow Jones Internet Index Fund by 35.9% in the 2nd quarter. Brown Advisory Inc. now owns 1,716 shares of the company’s stock valued at $462,000 after purchasing an additional 453 shares during the period. Quantinno Capital Management LP increased its holdings in shares of First Trust Dow Jones Internet Index Fund by 16.1% in the 2nd quarter. Quantinno Capital Management LP now owns 3,093 shares of the company’s stock valued at $833,000 after purchasing an additional 430 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in shares of First Trust Dow Jones Internet Index Fund in the 2nd quarter valued at about $195,000. 70.10% of the stock is owned by institutional investors and hedge funds.

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. The Index represents companies that generate the majority of their revenues via the Internet. The Index aims to represent 80% of the float-adjusted Internet equity universe. The Index contains two sub-indexes, the Dow Jones Internet Commerce Index and the Dow Jones Internet Services Index.