Shares of First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY – Get Free Report) shot up 1.5% during trading on Thursday. The stock traded as high as $47.19 and last traded at $47.1450. Approximately 21 shares were traded during trading, a decline of 97% from the average daily volume of 605 shares. The stock had previously closed at $46.45.
First Trust Bloomberg Shareholder Yield ETF Stock Performance
The company’s 50-day moving average is $46.65 and its 200-day moving average is $44.94. The firm has a market cap of $16.58 million, a price-to-earnings ratio of 16.89 and a beta of 0.88.
First Trust Bloomberg Shareholder Yield ETF Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.1606 dividend. This is a drop from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.1998. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, September 24th.
Hedge Funds Weigh In On First Trust Bloomberg Shareholder Yield ETF
A hedge fund recently bought a new stake in First Trust Bloomberg Shareholder Yield ETF stock. Integrated Wealth Concepts LLC bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,596 shares of the company’s stock, valued at approximately $111,000. Integrated Wealth Concepts LLC owned about 0.74% of First Trust Bloomberg Shareholder Yield ETF as of its most recent SEC filing.
About First Trust Bloomberg Shareholder Yield ETF
The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction. SHRY was launched on Jun 20, 2017 and is issued by First Trust.
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