First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $54.40 and traded as high as $60.87. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $60.23, with a volume of 1,909 shares changing hands.

First Trust S-Network Future Vehicles & Technology ETF Price Performance

The stock has a market capitalization of $30.11 million, a P/E ratio of 16.24 and a beta of 1.27. The stock’s fifty day moving average is $54.40 and its 200-day moving average is $56.82.

Institutional Trading of First Trust S-Network Future Vehicles & Technology ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 22.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,591 shares of the exchange traded fund’s stock worth $441,000 after acquiring an additional 1,380 shares in the last quarter. Flow Traders U.S. LLC lifted its holdings in First Trust S-Network Future Vehicles & Technology ETF by 210.8% in the 1st quarter. Flow Traders U.S. LLC now owns 37,377 shares of the exchange traded fund’s stock worth $1,998,000 after purchasing an additional 25,351 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in First Trust S-Network Future Vehicles & Technology ETF by 5.8% in the 1st quarter. LPL Financial LLC now owns 42,569 shares of the exchange traded fund’s stock worth $2,275,000 after purchasing an additional 2,328 shares during the last quarter.

First Trust S-Network Future Vehicles & Technology ETF Company Profile

The First Trust S-Network Future Vehicles & Technology ETF (CARZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index that provides exposure to electric and autonomous vehicles and the technology essential for the supply and production of these vehicles.