First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Shares Up 1.9% – Here’s What Happened

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) shares rose 1.9% during mid-day trading on Friday . The company traded as high as $83.41 and last traded at $83.29. Approximately 1,135 shares changed hands during trading, a decline of 87% from the average daily volume of 9,023 shares. The stock had previously closed at $81.77.

First Trust S-Network Future Vehicles & Technology ETF Trading Up 1.9%

The company has a market cap of $49.97 million, a PE ratio of 18.05 and a beta of 1.27. The firm’s 50-day simple moving average is $77.27 and its two-hundred day simple moving average is $71.59.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $1.0769 per share. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust S-Network Future Vehicles & Technology ETF’s previous quarterly dividend of $0.29. This represents a $4.31 annualized dividend and a dividend yield of 5.2%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the second quarter worth about $59,000. Advisory Services Network LLC purchased a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the 3rd quarter valued at about $157,000. Osaic Holdings Inc. increased its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 24.6% during the second quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock worth $159,000 after buying an additional 506 shares during the period. Q3 Asset Management acquired a new position in First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter worth approximately $322,000. Finally, Envestnet Asset Management Inc. increased its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 12.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,014 shares of the exchange traded fund’s stock valued at $435,000 after purchasing an additional 773 shares during the last quarter.

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.