First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Trading Down 0.1% – Here’s Why

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) traded down 0.1% on Monday . The stock traded as low as $17.11 and last traded at $17.19. 65,117 shares traded hands during trading, an increase of 3% from the average session volume of 63,153 shares. The stock had previously closed at $17.21.

First Trust Indxx Global Natural Resources Income ETF Stock Performance

The company has a market capitalization of $117.75 million, a P/E ratio of 15.66 and a beta of 0.79. The company has a 50-day simple moving average of $16.17 and a 200 day simple moving average of $15.35.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.1115 per share. This represents a $0.45 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the second quarter valued at about $25,000. Comerica Bank lifted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 120.0% in the 1st quarter. Comerica Bank now owns 5,500 shares of the company’s stock worth $73,000 after acquiring an additional 3,000 shares during the period. CWM LLC grew its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 309.8% during the 3rd quarter. CWM LLC now owns 11,156 shares of the company’s stock worth $170,000 after purchasing an additional 8,434 shares in the last quarter. Holos Integrated Wealth LLC acquired a new stake in shares of First Trust Indxx Global Natural Resources Income ETF during the 4th quarter worth approximately $214,000. Finally, UMB Bank n.a. bought a new stake in shares of First Trust Indxx Global Natural Resources Income ETF during the third quarter valued at approximately $253,000.

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.