First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Trading Down 0.4% – Here’s Why

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) shares dropped 0.4% during trading on Monday . The stock traded as low as $39.33 and last traded at $39.32. Approximately 30 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 1,442 shares. The stock had previously closed at $39.49.

First Trust S-Network E-Commerce ETF Price Performance

The firm has a market cap of $5.90 million, a price-to-earnings ratio of 19.19 and a beta of 1.03. The stock’s fifty day moving average price is $40.13 and its 200-day moving average price is $40.18.

First Trust S-Network E-Commerce ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.0404 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%.

Institutional Trading of First Trust S-Network E-Commerce ETF

A number of hedge funds have recently made changes to their positions in ISHP. Newbridge Financial Services Group Inc. bought a new stake in First Trust S-Network E-Commerce ETF in the second quarter worth approximately $109,000. Insight Advisors LLC PA acquired a new position in shares of First Trust S-Network E-Commerce ETF in the 2nd quarter valued at $253,000. Jane Street Group LLC acquired a new position in shares of First Trust S-Network E-Commerce ETF in the 2nd quarter worth approximately $539,000. OLD Mission Capital LLC acquired a new stake in shares of First Trust S-Network E-Commerce ETF during the 1st quarter worth about $605,000. Finally, Royal Bank of Canada acquired a new position in shares of First Trust S-Network E-Commerce ETF in the 1st quarter worth approximately $1,097,000.

First Trust S-Network E-Commerce ETF Company Profile

The First Trust Nasdaq Retail ETF (ISHP) is an exchange-traded fund that is based on the S-Network Global E-Commerce index. The fund tracks an index that provides exposure to the global e-commerce industry. Securities are selected by market-cap and weighted equally. ISHP was launched on Sep 20, 2016 and is managed by First Trust.