First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Shares Down 0% – What’s Next?

Shares of First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) traded down 0% on Thursday . The stock traded as low as $45.03 and last traded at $44.87. 7 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 616 shares. The stock had previously closed at $44.88.

First Trust Bloomberg Shareholder Yield ETF Trading Down 0.0%

The stock has a market cap of $17.95 million, a PE ratio of 16.89 and a beta of 0.99. The company’s 50 day moving average is $43.29 and its 200-day moving average is $42.55.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.2652 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.16. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.4%.

Institutional Investors Weigh In On First Trust Bloomberg Shareholder Yield ETF

A number of hedge funds have recently bought and sold shares of SHRY. Geneos Wealth Management Inc. raised its position in shares of First Trust Bloomberg Shareholder Yield ETF by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock valued at $59,000 after purchasing an additional 700 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Bloomberg Shareholder Yield ETF in the second quarter worth $47,000. Silver Oak Securities Incorporated increased its stake in shares of First Trust Bloomberg Shareholder Yield ETF by 14.8% in the fourth quarter. Silver Oak Securities Incorporated now owns 9,180 shares of the company’s stock worth $387,000 after buying an additional 1,182 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in First Trust Bloomberg Shareholder Yield ETF in the fourth quarter valued at $96,000. Finally, Susquehanna International Group LLP bought a new position in First Trust Bloomberg Shareholder Yield ETF during the 3rd quarter valued at $1,628,000.

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.