First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Stock Price Up 0.9% – What’s Next?

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) rose 0.9% on Thursday . The stock traded as high as $44.50 and last traded at $44.49. Approximately 1,748 shares changed hands during trading, an increase of 191% from the average daily volume of 601 shares. The stock had previously closed at $44.11.

First Trust Bloomberg Shareholder Yield ETF Stock Up 0.9%

The firm has a 50 day simple moving average of $44.03 and a two-hundred day simple moving average of $42.86. The stock has a market capitalization of $17.80 million, a P/E ratio of 16.89 and a beta of 0.94.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.1163 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.47 annualized dividend and a yield of 1.0%.

Institutional Investors Weigh In On First Trust Bloomberg Shareholder Yield ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF in the 4th quarter valued at $96,000. Susquehanna International Group LLP bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF in the 3rd quarter valued at $1,628,000. Geneos Wealth Management Inc. lifted its stake in shares of First Trust Bloomberg Shareholder Yield ETF by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock valued at $59,000 after acquiring an additional 700 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF in the 2nd quarter valued at $47,000. Finally, Silver Oak Securities Incorporated lifted its stake in shares of First Trust Bloomberg Shareholder Yield ETF by 14.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 9,180 shares of the company’s stock valued at $387,000 after acquiring an additional 1,182 shares during the last quarter.

First Trust Bloomberg Shareholder Yield ETF Company 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. SHRY was launched on Jun 20, 2017 and is issued by First Trust.