First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Shares Sold by LPL Financial LLC

LPL Financial LLC lessened its stake in First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) by 8.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,170 shares of the company’s stock after selling 7,697 shares during the period. LPL Financial LLC owned about 18.04% of First Trust Bloomberg Shareholder Yield ETF worth $3,292,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC raised its stake in First Trust Bloomberg Shareholder Yield ETF by 100.5% in the 1st quarter. Golden State Wealth Management LLC now owns 846 shares of the company’s stock valued at $34,000 after purchasing an additional 424 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of First Trust Bloomberg Shareholder Yield ETF during the 1st quarter worth about $37,000. Finally, Susquehanna International Group LLP increased its position in shares of First Trust Bloomberg Shareholder Yield ETF by 41.5% during the 4th quarter. Susquehanna International Group LLP now owns 41,854 shares of the company’s stock worth $1,663,000 after purchasing an additional 12,284 shares during the last quarter.

First Trust Bloomberg Shareholder Yield ETF Price Performance

NASDAQ SHRY opened at $42.53 on Friday. The company has a market cap of $17.01 million, a P/E ratio of 16.89 and a beta of 0.99. The stock has a 50-day moving average of $42.24 and a two-hundred day moving average of $40.97. First Trust Bloomberg Shareholder Yield ETF has a 1-year low of $35.78 and a 1-year high of $43.20.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a $0.1953 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.78 annualized dividend and a yield of 1.8%. This is an increase from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.10.

First Trust Bloomberg Shareholder Yield ETF Profile

The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction.