First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ)’s stock price passed 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.

First Trust S-Network Future Vehicles & Technology ETF Trading Down 0.4%

The firm’s 50-day moving average price is $84.52 and its 200-day moving average price is $77.57. The stock has a market capitalization of $49.50 million, a PE ratio of 18.05 and a beta of 1.27.

First Trust S-Network Future Vehicles & Technology ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $1.0769 dividend. This is a boost from First Trust S-Network Future Vehicles & Technology ETF’s previous quarterly dividend of $0.29. This represents a $4.31 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Friday, December 12th.

Hedge Funds Weigh In On First Trust S-Network Future Vehicles & Technology ETF

Hedge funds have recently bought and sold shares of the business. Arax Advisory Partners acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF during the 4th quarter worth approximately $26,000. Envestnet Asset Management Inc. increased its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 6.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,460 shares of the exchange traded fund’s stock worth $542,000 after purchasing an additional 446 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 24.6% in the 2nd quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock valued at $159,000 after acquiring an additional 506 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 22.0% during the fourth quarter. Jane Street Group LLC now owns 4,057 shares of the exchange traded fund’s stock worth $316,000 after purchasing an additional 731 shares during the period. Finally, Raymond James Financial Inc. bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the second quarter worth about $59,000.

About First Trust S-Network Future Vehicles & Technology ETF

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.