First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $80.90 and traded as high as $82.35. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $82.29, with a volume of 114 shares.

First Trust S-Network Future Vehicles & Technology ETF Trading Up 3.2%

The firm has a market capitalization of $51.01 million, a price-to-earnings ratio of 18.05 and a beta of 1.27. The stock’s fifty day moving average price is $81.09 and its two-hundred day moving average price is $74.71.

First Trust S-Network Future Vehicles & Technology ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $1.0769 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.31 annualized dividend and a dividend yield of 5.1%. This is an increase from First Trust S-Network Future Vehicles & Technology ETF’s previous quarterly dividend of $0.29.

Institutional Investors Weigh In On First Trust S-Network Future Vehicles & Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the second quarter valued at approximately $59,000. Advisory Services Network LLC acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter worth $157,000. Osaic Holdings Inc. raised its stake in First Trust S-Network Future Vehicles & Technology ETF by 24.6% during the 2nd quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock worth $159,000 after acquiring an additional 506 shares in the last quarter. Q3 Asset Management purchased a new stake in First Trust S-Network Future Vehicles & Technology ETF in the third quarter valued at $322,000. Finally, Envestnet Asset Management Inc. boosted its stake in First Trust S-Network Future Vehicles & Technology ETF by 12.4% in the second quarter. Envestnet Asset Management Inc. now owns 7,014 shares of the exchange traded fund’s stock valued at $435,000 after acquiring an additional 773 shares in the last quarter.

About First Trust S-Network Future Vehicles & Technology ETF

The First Trust S-Network Future Vehicles & Technology ETF (CARZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index that provides exposure to electric and autonomous vehicles and the technology essential for the supply and production of these vehicles. Securities are selected and weighted by market-cap. CARZ was launched on May 9, 2011 and is managed by First Trust.