First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Stock Jumps 2.7% – Time to Buy?

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP)’s stock price was up 2.7% on Monday. The company traded as high as $35.19 and last traded at $35.4640. 6 shares changed hands during trading, a decline of 98% from the average daily volume of 271 shares. The stock had previously closed at $34.53.

First Trust S-Network E-Commerce ETF Trading Up 4.8%

The stock’s 50-day moving average price is $34.94 and its 200-day moving average price is $35.09. The company has a market capitalization of $5.49 million, a P/E ratio of 17.68 and a beta of 1.00.

First Trust S-Network E-Commerce ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.0708 per share. This represents a $0.28 annualized dividend and a yield of 0.8%. This is a negative change from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.0712. The ex-dividend date was Thursday, September 24th.

First Trust S-Network E-Commerce ETF Company Profile

The First Trust Nasdaq Retail ETF (ISHP) is an exchange-traded fund that is based on the S-Network Global E-Commerce index. The fund tracks an index that provides exposure to the global e-commerce industry. Securities are selected by market-cap and weighted equally. ISHP was launched on Sep 20, 2016 and is managed by First Trust.