First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Shares Up 0.6% – Here’s Why

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) rose 0.6% during trading on Friday . The stock traded as high as $36.08 and last traded at $36.00. Approximately 91 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 585 shares. The stock had previously closed at $35.78.

First Trust S-Network E-Commerce ETF Stock Performance

The stock has a market cap of $5.40 million, a price-to-earnings ratio of 19.19 and a beta of 1.03. The business has a 50-day simple moving average of $38.71 and a two-hundred day simple moving average of $39.97.

First Trust S-Network E-Commerce ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.2937 dividend. This is an increase from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04. This represents a $1.17 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, December 12th.

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

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in First Trust S-Network E-Commerce ETF by 49.3% in the 4th quarter. Jane Street Group LLC now owns 32,419 shares of the company’s stock valued at $1,269,000 after buying an additional 10,706 shares in the last quarter. Royal Bank of Canada bought a new stake in shares of First Trust S-Network E-Commerce ETF in the first quarter valued at about $1,097,000. Insight Advisors LLC PA acquired a new position in shares of First Trust S-Network E-Commerce ETF in the second quarter valued at about $253,000. Finally, Newbridge Financial Services Group Inc. bought a new position in First Trust S-Network E-Commerce ETF during the second quarter worth about $109,000.

About First Trust S-Network E-Commerce ETF

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.