First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Shares Cross Above 50-Day Moving Average – Here’s Why

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $77.98 and traded as high as $84.85. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $84.29, with a volume of 4,975 shares.

First Trust S-Network Future Vehicles & Technology ETF Stock Performance

The stock has a 50-day moving average of $77.98 and a 200 day moving average of $72.45. The firm has a market capitalization of $50.57 million, a P/E ratio of 18.05 and a beta of 1.27.

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

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

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 6.4% in the third quarter. Envestnet Asset Management Inc. now owns 7,460 shares of the exchange traded fund’s stock valued at $542,000 after purchasing an additional 446 shares in the last quarter. Osaic Holdings Inc. raised its position 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 acquiring an additional 506 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the second quarter valued at $59,000. Advisory Services Network LLC bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the third quarter valued at about $157,000. Finally, Jane Street Group LLC increased its position in First Trust S-Network Future Vehicles & Technology ETF by 77.4% in the second quarter. Jane Street Group LLC now owns 7,090 shares of the exchange traded fund’s stock worth $439,000 after purchasing an additional 3,094 shares during the period.

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.