First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Stock Price Up 0.2% – What’s Next?

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) shot up 0.2% during mid-day trading on Thursday . The company traded as high as $45.00 and last traded at $44.32. Approximately 39 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 742 shares. The stock had previously closed at $44.23.

First Trust Bloomberg Shareholder Yield ETF Stock Performance

The stock’s 50 day moving average price is $43.56 and its 200 day moving average price is $43.65. The company has a market capitalization of $15.73 million, a P/E ratio of 16.89 and a beta of 0.87.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.1998 dividend. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12. This represents a $0.80 annualized dividend and a yield of 1.8%.

Institutional Trading of First Trust Bloomberg Shareholder Yield ETF

A number of large investors have recently bought and sold shares of the business. Susquehanna International Group LLP bought a new stake in First Trust Bloomberg Shareholder Yield ETF in the third quarter worth approximately $1,628,000. RFG Advisory LLC bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the 1st quarter worth approximately $350,000. Kestra Advisory Services LLC bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the 4th quarter worth approximately $96,000. Silver Oak Securities Incorporated grew its position in shares of First Trust Bloomberg Shareholder Yield ETF by 14.8% during the 4th quarter. Silver Oak Securities Incorporated now owns 9,180 shares of the company’s stock worth $387,000 after buying an additional 1,182 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Trust Bloomberg Shareholder Yield ETF during the 2nd quarter worth approximately $47,000.

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.