First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) Stock Passes Below Fifty Day Moving Average – Should You Sell?

First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $243.82 and traded as low as $199.57. First Trust Dow Jones Internet Index Fund shares last traded at $200.64, with a volume of 482,656 shares changing hands.

First Trust Dow Jones Internet Index Fund Stock Down 5.4 %

The company has a market capitalization of $5.62 billion, a P/E ratio of 31.70 and a beta of 1.22. The business has a fifty day moving average price of $243.82 and a 200 day moving average price of $237.55.

Hedge Funds Weigh In On First Trust Dow Jones Internet Index Fund

A number of large investors have recently bought and sold shares of FDN. Park Square Financial Group LLC bought a new position in shares of First Trust Dow Jones Internet Index Fund in the 4th quarter valued at about $25,000. SRS Capital Advisors Inc. grew its stake in First Trust Dow Jones Internet Index Fund by 1,220.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 132 shares of the company’s stock valued at $32,000 after purchasing an additional 122 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of First Trust Dow Jones Internet Index Fund during the 3rd quarter worth approximately $33,000. Farther Finance Advisors LLC raised its stake in shares of First Trust Dow Jones Internet Index Fund by 575.0% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of First Trust Dow Jones Internet Index Fund in the 4th quarter valued at approximately $36,000.

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.