First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Stock Falls 1.1% – Time to Sell?

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI)’s share price was down 1.1% during mid-day trading on Thursday. The company traded as low as $16.77 and last traded at $16.86. 12,241 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 40,360 shares. The stock had previously closed at $17.05.

First Trust Indxx Global Natural Resources Income ETF Price Performance

The firm has a market capitalization of $117.95 million, a price-to-earnings ratio of 15.66 and a beta of 0.58. The company’s 50 day moving average is $17.68 and its 200 day moving average is $17.26.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.0799 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.32 dividend on an annualized basis and a yield of 1.9%. This is a decrease from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.0945.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FTRI. Western Wealth Management LLC acquired a new stake in First Trust Indxx Global Natural Resources Income ETF during the first quarter worth approximately $62,000. Focus Financial Network Inc. increased its stake in First Trust Indxx Global Natural Resources Income ETF by 4.3% during the 2nd quarter. Focus Financial Network Inc. now owns 19,894 shares of the company’s stock worth $316,000 after acquiring an additional 821 shares during the period. Walkner Condon Financial Advisors LLC increased its stake in First Trust Indxx Global Natural Resources Income ETF by 22.7% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 20,131 shares of the company’s stock worth $359,000 after acquiring an additional 3,722 shares during the period. Crumly & Associates Inc. raised its holdings in First Trust Indxx Global Natural Resources Income ETF by 43.0% in the 2nd quarter. Crumly & Associates Inc. now owns 22,683 shares of the company’s stock valued at $360,000 after acquiring an additional 6,821 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its holdings in First Trust Indxx Global Natural Resources Income ETF by 46.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 37,344 shares of the company’s stock valued at $593,000 after acquiring an additional 11,791 shares in the last quarter.

About First Trust Indxx Global Natural Resources Income ETF

First Trust ISE Global Copper Index Fund is an exchange traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the ISE Global Copper Index. The ISE Global Copper Index is designed to provide the investors interested in tracking public companies, which are active in the copper mining industry based on analysis of revenue derived from the sale of copper. The issuers of the component securities of the index must be engaged in some aspect of the copper mining industry, such as copper mining, refining or exploration.