First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $84.38 and traded as high as $84.77. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $84.41, with a volume of 644 shares traded.

First Trust S-Network Future Vehicles & Technology ETF Price Performance

The firm’s fifty day moving average price is $84.38 and its 200-day moving average price is $77.43. The firm has a market capitalization of $50.65 million, a P/E ratio of 18.05 and a beta of 1.27.

First Trust S-Network Future Vehicles & Technology 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 dividend of $1.0769 per share. This represents a $4.31 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust S-Network Future Vehicles & Technology ETF’s previous quarterly dividend of $0.29.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CARZ. Horizon Wealth Management LLC bought a new position in shares of First Trust S-Network Future Vehicles & Technology ETF during the 4th quarter valued at about $4,209,000. Flow Traders U.S. LLC boosted its holdings in First Trust S-Network Future Vehicles & Technology ETF by 23.2% during the third quarter. Flow Traders U.S. LLC now owns 42,060 shares of the exchange traded fund’s stock worth $3,057,000 after buying an additional 7,929 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the fourth quarter worth approximately $2,277,000. GeoWealth Management LLC acquired a new position in First Trust S-Network Future Vehicles & Technology ETF in the third quarter worth approximately $740,000. Finally, Cetera Investment Advisers increased its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 33.5% in the fourth quarter. Cetera Investment Advisers now owns 7,464 shares of the exchange traded fund’s stock valued at $581,000 after buying an additional 1,871 shares in the last quarter.

First Trust S-Network Future Vehicles & Technology ETF Company Profile

The First Trust S-Network Future Vehicles & Technology ETF (CARZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index that provides exposure to electric and autonomous vehicles and the technology essential for the supply and production of these vehicles. Securities are selected and weighted by market-cap. CARZ was launched on May 9, 2011 and is managed by First Trust.