First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) Shares Down 2.1%

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Shares of First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM) were down 2.1% on Thursday . The stock traded as low as $56.41 and last traded at $56.59. Approximately 12,527 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 18,594 shares. The stock had previously closed at $57.79.

The company has a fifty day moving average price of $52.66 and a two-hundred day moving average price of $44.60.

Several hedge funds have recently bought and sold shares of FDM. Morgan Stanley raised its stake in shares of First Trust Dow Jones Select MicroCap Index Fund by 32.6% during the fourth quarter. Morgan Stanley now owns 175,796 shares of the company’s stock worth $8,417,000 after purchasing an additional 43,184 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust Dow Jones Select MicroCap Index Fund by 1.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,797 shares of the company’s stock worth $804,000 after purchasing an additional 225 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of First Trust Dow Jones Select MicroCap Index Fund during the fourth quarter worth approximately $7,618,000. TD Ameritrade Investment Management LLC purchased a new stake in shares of First Trust Dow Jones Select MicroCap Index Fund during the fourth quarter worth approximately $497,000. Finally, WESCAP Management Group Inc. raised its position in First Trust Dow Jones Select MicroCap Index Fund by 28.0% in the fourth quarter. WESCAP Management Group Inc. now owns 15,047 shares of the company’s stock worth $720,000 after acquiring an additional 3,287 shares in the last quarter.

About First Trust Dow Jones Select MicroCap Index Fund (NYSEARCA:FDM)

First Trust Dow Jones Select MicroCap Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones Select MicroCap Index (the Index). The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index.

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