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

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) rose 0.6% during mid-day trading on Friday . The stock traded as high as $36.08 and last traded at $36.00. Approximately 91 shares changed hands during 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 firm has a market capitalization of $5.40 million, a PE ratio of 19.19 and a beta of 1.03. The stock has a fifty day moving average price of $38.71 and a 200-day moving average price 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 given a dividend of $0.2937 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04. This represents a $1.17 annualized dividend and a dividend yield of 3.3%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC lifted its position in First Trust S-Network E-Commerce ETF by 49.3% during the fourth quarter. Jane Street Group LLC now owns 32,419 shares of the company’s stock valued at $1,269,000 after acquiring an additional 10,706 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of First Trust S-Network E-Commerce ETF during the second quarter worth $109,000. Finally, Royal Bank of Canada acquired a new position in shares of First Trust S-Network E-Commerce ETF during the first quarter worth $1,097,000.

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.