First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Stock Price Down 0.8% – What’s Next?

Shares of First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) fell 0.8% on Wednesday . The stock traded as low as $46.58 and last traded at $46.58. 348 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 664 shares. The stock had previously closed at $46.94.

First Trust Bloomberg Shareholder Yield ETF Stock Up 1.2%

The company’s fifty day moving average is $46.20 and its two-hundred day moving average is $44.60. The firm has a market capitalization of $16.53 million, a price-to-earnings ratio of 16.89 and a beta of 0.87.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1998 per share. The ex-dividend date was Thursday, June 25th. This is a boost from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Investors Weigh In On First Trust Bloomberg Shareholder Yield ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SHRY. Raymond James Financial Inc. acquired a new position in shares of First Trust Bloomberg Shareholder Yield ETF in the second quarter valued at approximately $47,000. Geneos Wealth Management Inc. boosted its position in First Trust Bloomberg Shareholder Yield ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock worth $59,000 after buying an additional 700 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of First Trust Bloomberg Shareholder Yield ETF in the 4th quarter valued at about $96,000. Integrated Wealth Concepts LLC bought a new position in First Trust Bloomberg Shareholder Yield ETF during the second quarter worth $111,000. Finally, RFG Advisory LLC bought a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the 1st quarter worth approximately $350,000.

First Trust Bloomberg Shareholder Yield ETF Company Profile

The First Trust Bloomberg Shareholder Yield ETF (SHRY) is an exchange-traded fund that is based on the Bloomberg Shareholder Yield index. The fund offers passive management by tracking an index of large- and mid-cap US equities that are selected and weighted based on shareholder yield characterized by dividends, net shares buybacks, and debt reduction. SHRY was launched on Jun 20, 2017 and is issued by First Trust.