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

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $73.32 and traded as high as $75.88. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $75.52, with a volume of 2,087 shares.

First Trust S-Network Future Vehicles & Technology ETF Trading Down 0.5%

The stock’s fifty day moving average price is $73.32 and its 200 day moving average price is $65.23. The stock has a market cap of $33.98 million, a P/E ratio of 18.05 and a beta of 1.27.

First Trust S-Network Future Vehicles & Technology ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.2889 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.16 annualized dividend and a yield of 1.5%.

Hedge Funds Weigh In On First Trust S-Network Future Vehicles & Technology ETF

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the 2nd quarter valued at about $59,000. Osaic Holdings Inc. grew its position in First Trust S-Network Future Vehicles & Technology ETF by 24.6% during the second quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock valued at $159,000 after acquiring an additional 506 shares during the last quarter. Q3 Asset Management bought a new position in First Trust S-Network Future Vehicles & Technology ETF during the third quarter valued at approximately $322,000. Envestnet Asset Management Inc. raised its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 12.4% during the second quarter. Envestnet Asset Management Inc. now owns 7,014 shares of the exchange traded fund’s stock worth $435,000 after acquiring an additional 773 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 77.4% in the 2nd quarter. Jane Street Group LLC now owns 7,090 shares of the exchange traded fund’s stock worth $439,000 after acquiring an additional 3,094 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.