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

Shares of First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $92.34 and traded as high as $109.38. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $108.98, with a volume of 8,260 shares changing hands.

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

The stock has a fifty day moving average of $93.47 and a 200 day moving average of $85.33. The firm has a market capitalization of $55.77 million, a P/E ratio of 18.05 and a beta of 1.37.

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

Hedge funds have recently bought and sold shares of the business. Arax Advisory Partners bought a new stake in First Trust S-Network Future Vehicles & Technology ETF during the fourth quarter worth $26,000. Raymond James Financial Inc. bought a new stake in First Trust S-Network Future Vehicles & Technology ETF during the second quarter worth $59,000. Advisory Services Network LLC bought a new stake in First Trust S-Network Future Vehicles & Technology ETF during the third quarter worth $157,000. Osaic Holdings Inc. lifted its holdings in 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 period. Finally, Jane Street Group LLC lifted its holdings in First Trust S-Network Future Vehicles & Technology ETF by 22.0% during the fourth quarter. Jane Street Group LLC now owns 4,057 shares of the exchange traded fund’s stock worth $316,000 after acquiring an additional 731 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.