First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Trading Down 1.2% – Here’s What Happened

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) traded down 1.2% during mid-day trading on Friday . The company traded as low as $34.94 and last traded at $34.95. 472 shares changed hands during trading, an increase of 62% from the average daily volume of 291 shares. The stock had previously closed at $35.36.

First Trust S-Network E-Commerce ETF Stock Performance

The company has a 50-day moving average of $33.98 and a 200-day moving average of $35.45. The stock has a market cap of $5.24 million, a price-to-earnings ratio of 19.19 and a beta of 1.01.

First Trust S-Network E-Commerce ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.0712 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust S-Network E-Commerce ETF

A hedge fund recently bought a new position in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC purchased a new position in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,616 shares of the company’s stock, valued at approximately $539,000. Jane Street Group LLC owned 9.08% of First Trust S-Network E-Commerce ETF at the end of the most recent reporting period.

First Trust S-Network E-Commerce ETF Company Profile

The First Trust Nasdaq Retail ETF (ISHP) is an exchange-traded fund that is based on the S-Network Global E-Commerce index. The fund tracks an index that provides exposure to the global e-commerce industry. Securities are selected by market-cap and weighted equally. ISHP was launched on Sep 20, 2016 and is managed by First Trust.