First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Stock Breaks Above Two Hundred Day Moving Average – Should You Sell?

Shares of First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $17.42 and traded as high as $17.52. First Trust Indxx Global Natural Resources Income ETF shares last traded at $17.48, with a volume of 19,750 shares trading hands.

First Trust Indxx Global Natural Resources Income ETF Stock Down 0.8%

The company’s fifty day simple moving average is $17.30 and its two-hundred day simple moving average is $17.41. The company has a market capitalization of $115.06 million, a price-to-earnings ratio of 11.72 and a beta of 0.61.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust Indxx Global Natural Resources Income ETF

A number of hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC acquired a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the 3rd quarter valued at approximately $2,411,000. Royal Bank of Canada raised its holdings in First Trust Indxx Global Natural Resources Income ETF by 19.3% during the 1st quarter. Royal Bank of Canada now owns 810,328 shares of the company’s stock worth $14,464,000 after buying an additional 131,076 shares during the period. D.A. Davidson & CO. acquired a new stake in First Trust Indxx Global Natural Resources Income ETF during the 3rd quarter worth approximately $1,484,000. Integrated Wealth Concepts LLC raised its holdings in First Trust Indxx Global Natural Resources Income ETF by 46.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 37,344 shares of the company’s stock worth $593,000 after buying an additional 11,791 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in First Trust Indxx Global Natural Resources Income ETF by 8.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 144,448 shares of the company’s stock worth $2,424,000 after buying an additional 11,780 shares during the period.

First Trust Indxx Global Natural Resources Income ETF Company Profile

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.