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

Shares of First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

First Trust S-Network Future Vehicles & Technology ETF Price Performance

The stock has a market capitalization of $50.09 million, a P/E ratio of 18.05 and a beta of 1.27. The firm has a 50 day moving average of $80.90 and a 200-day moving average of $74.51.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $1.0769 dividend. 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. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the second quarter valued at about $59,000. Advisory Services Network LLC bought a new position in shares of First Trust S-Network Future Vehicles & Technology ETF in the third quarter worth about $157,000. Osaic Holdings Inc. lifted its position in shares of 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 worth $159,000 after purchasing an additional 506 shares in the last quarter. Q3 Asset Management bought a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the third quarter valued at approximately $322,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 12.4% during the second quarter. Envestnet Asset Management Inc. now owns 7,014 shares of the exchange traded fund’s stock valued at $435,000 after purchasing an additional 773 shares during the last quarter.

First Trust S-Network Future Vehicles & Technology ETF Company Profile

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.