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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) dropped 1.1% during trading on Thursday. The company traded as low as $16.77 and last traded at $16.86. 12,241 shares traded hands 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 Trading Down 1.1%

The firm has a market capitalization of $118.02 million, a PE ratio of 15.66 and a beta of 0.58. The stock’s 50 day moving average price is $17.69 and its two-hundred day moving average price is $17.26.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

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

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

Several hedge funds have recently modified their holdings of FTRI. Royal Bank of Canada boosted its holdings 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 valued at $14,464,000 after purchasing an additional 131,076 shares during the last quarter. Focus Financial Network Inc. grew its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 12.2% during the 3rd quarter. Focus Financial Network Inc. now owns 22,315 shares of the company’s stock valued at $375,000 after buying an additional 2,421 shares during the period. Farther Finance Advisors LLC grew its stake in shares of 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 valued at $2,424,000 after buying an additional 11,780 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of 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 last quarter. Finally, Crumly & Associates Inc. increased its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 43.0% during the 2nd quarter. Crumly & Associates Inc. now owns 22,683 shares of the company’s stock worth $360,000 after buying an additional 6,821 shares during the last quarter.

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.