First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Shares Pass Below 50-Day Moving Average of $57.43

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $57.43 and traded as low as $54.66. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $55.20, with a volume of 1,362 shares changing hands.

First Trust S-Network Future Vehicles & Technology ETF Stock Up 1.6 %

The company has a market capitalization of $35.88 million, a PE ratio of 16.43 and a beta of 1.27. The stock’s fifty day simple moving average is $57.43 and its 200-day simple moving average is $54.63.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.066 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.26 dividend on an annualized basis and a yield of 0.48%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sigma Planning Corp increased its holdings in First Trust S-Network Future Vehicles & Technology ETF by 5.7% in the third quarter. Sigma Planning Corp now owns 19,326 shares of the exchange traded fund’s stock valued at $990,000 after buying an additional 1,043 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the 4th quarter worth approximately $153,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter worth approximately $204,000.

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.