First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Trading Down 1.2% – Here’s Why

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP)’s share price was down 1.2% on Friday . The company traded as low as $34.94 and last traded at $34.95. Approximately 472 shares were traded during mid-day trading, an increase of 62% from the average daily volume of 291 shares. The stock had previously closed at $35.36.

First Trust S-Network E-Commerce ETF Stock Performance

The company has a market capitalization of $5.24 million, a price-to-earnings ratio of 19.19 and a beta of 1.01. The firm’s 50-day simple moving average is $33.98 and its 200-day simple moving average is $35.45.

First Trust S-Network E-Commerce ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.0712 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

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

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

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.