First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Plans Dividend Increase – $0.20 Per Share

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) declared a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be given a dividend of 0.1998 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 71.8% increase from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12.

First Trust Bloomberg Shareholder Yield ETF Stock Down 0.2%

Shares of SHRY stock traded down $0.08 during mid-day trading on Thursday, reaching $42.26. 528 shares of the stock traded hands, compared to its average volume of 736. The stock’s fifty day simple moving average is $43.73 and its two-hundred day simple moving average is $43.48. First Trust Bloomberg Shareholder Yield ETF has a 1-year low of $40.12 and a 1-year high of $45.38. The company has a market cap of $16.90 million, a price-to-earnings ratio of 16.89 and a beta of 0.87.

Hedge Funds Weigh In On First Trust Bloomberg Shareholder Yield ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the second quarter worth $47,000. Geneos Wealth Management Inc. increased its stake in shares of First Trust Bloomberg Shareholder Yield ETF by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock valued at $59,000 after buying an additional 700 shares during the period. Susquehanna International Group LLP bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the third quarter worth about $1,628,000. Silver Oak Securities Incorporated raised its position in shares of First Trust Bloomberg Shareholder Yield ETF by 14.8% during the fourth quarter. Silver Oak Securities Incorporated now owns 9,180 shares of the company’s stock worth $387,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the fourth quarter worth about $96,000.

First Trust Bloomberg Shareholder Yield ETF Company Profile

The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction. SHRY was launched on Jun 20, 2017 and is issued by First Trust.