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

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $80.90 and traded as high as $82.35. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $82.29, with a volume of 114 shares.

First Trust S-Network Future Vehicles & Technology ETF Stock Up 0.1%

The stock has a market cap of $50.09 million, a P/E ratio of 18.05 and a beta of 1.27. The business’s 50-day simple moving average is $80.90 and its two-hundred day simple moving average is $74.51.

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

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

Institutional Trading of First Trust S-Network Future Vehicles & Technology ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 12.4% in the second quarter. Envestnet Asset Management Inc. now owns 7,014 shares of the exchange traded fund’s stock worth $435,000 after buying an additional 773 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the second quarter worth $59,000. Jane Street Group LLC boosted its stake in First Trust S-Network Future Vehicles & Technology ETF by 77.4% during the second quarter. Jane Street Group LLC now owns 7,090 shares of the exchange traded fund’s stock valued at $439,000 after buying an additional 3,094 shares during the period. Osaic Holdings Inc. boosted its stake in First Trust S-Network Future Vehicles & Technology ETF by 24.6% during the second quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock valued at $159,000 after buying an additional 506 shares during the period. Finally, Q3 Asset Management purchased a new position in First Trust S-Network Future Vehicles & Technology ETF during the third quarter worth about $322,000.

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.