First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Stock Passes Below Fifty Day Moving Average – Here’s Why

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $84.86 and traded as low as $81.74. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $81.74, with a volume of 2,456 shares traded.

First Trust S-Network Future Vehicles & Technology ETF Trading Down 3.5%

The stock has a fifty day moving average of $84.86 and a two-hundred day moving average of $78.02. The stock has a market capitalization of $49.04 million, a price-to-earnings ratio of 18.05 and a beta of 1.27.

Institutional Trading of First Trust S-Network Future Vehicles & Technology ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CARZ. Envestnet Asset Management Inc. raised its holdings in shares of 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 buying an additional 773 shares during the last quarter. Cetera Investment Advisers grew its holdings in First Trust S-Network Future Vehicles & Technology ETF by 33.5% during the 4th quarter. Cetera Investment Advisers now owns 7,464 shares of the exchange traded fund’s stock worth $581,000 after acquiring an additional 1,871 shares during the last quarter. Jane Street Group LLC increased its position in First Trust S-Network Future Vehicles & Technology ETF by 77.4% in the 2nd quarter. Jane Street Group LLC now owns 7,090 shares of the exchange traded fund’s stock valued at $439,000 after acquiring an additional 3,094 shares in the last quarter. Osaic Holdings Inc. increased its position in First Trust S-Network Future Vehicles & Technology ETF by 24.6% in the 2nd quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock valued at $159,000 after acquiring an additional 506 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the third quarter worth about $157,000.

First Trust S-Network Future Vehicles & Technology ETF Company Profile

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.