First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Stock Price Down 1.1% – What’s Next?

Shares of First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) traded down 1.1% on Thursday. The stock traded as low as $16.77 and last traded at $16.86. 12,241 shares were traded during mid-day trading, a decline of 70% from the average session volume of 40,360 shares. The stock had previously closed at $17.05.

First Trust Indxx Global Natural Resources Income ETF Price Performance

The company has a 50 day moving average price of $17.69 and a 200 day moving average price of $17.26. The firm has a market cap of $118.02 million, a PE ratio of 15.66 and a beta of 0.58.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.0799 dividend. This is a negative change from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.0945. The ex-dividend date was Thursday, September 24th. This represents a $0.32 dividend on an annualized basis and a yield of 1.9%.

Hedge Funds Weigh In On First Trust Indxx Global Natural Resources Income ETF

A number of large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 19.3% in the 1st quarter. Royal Bank of Canada now owns 810,328 shares of the company’s stock worth $14,464,000 after acquiring an additional 131,076 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 8.9% in the third quarter. Farther Finance Advisors LLC now owns 144,448 shares of the company’s stock valued at $2,424,000 after acquiring an additional 11,780 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 6.0% during the first quarter. D.A. Davidson & CO. now owns 79,567 shares of the company’s stock worth $1,420,000 after acquiring an additional 4,539 shares during the period. Manchester Financial Inc. increased its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 104.0% during the first quarter. Manchester Financial Inc. now owns 39,024 shares of the company’s stock worth $697,000 after acquiring an additional 19,898 shares during the period. Finally, Integrated Wealth Concepts LLC increased its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 46.1% during the second quarter. Integrated Wealth Concepts LLC now owns 37,344 shares of the company’s stock worth $593,000 after acquiring an additional 11,791 shares during the period.

About First Trust Indxx Global Natural Resources Income ETF

First Trust ISE Global Copper Index Fund is an exchange traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the ISE Global Copper Index. The ISE Global Copper Index is designed to provide the investors interested in tracking public companies, which are active in the copper mining industry based on analysis of revenue derived from the sale of copper. The issuers of the component securities of the index must be engaged in some aspect of the copper mining industry, such as copper mining, refining or exploration.