First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Stock Price Up 0.2% – Time to Buy?

Shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) were up 0.2% during mid-day trading on Thursday . The company traded as high as $35.16 and last traded at $36.03. Approximately 34 shares traded hands during trading, a decline of 92% from the average daily volume of 411 shares. The stock had previously closed at $35.95.

First Trust S-Network E-Commerce ETF Trading Up 0.2%

The stock has a 50-day moving average price of $34.49 and a two-hundred day moving average price of $37.80. The stock has a market cap of $5.40 million, a price-to-earnings ratio of 19.19 and a beta of 1.05.

Institutional Investors Weigh In On First Trust S-Network E-Commerce ETF

An institutional investor recently bought a new position in First Trust S-Network E-Commerce ETF stock. Royal Bank of Canada acquired a new stake in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,379 shares of the company’s stock, valued at approximately $1,097,000. Royal Bank of Canada owned approximately 20.25% of First Trust S-Network E-Commerce ETF as of its most recent SEC filing.

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.