First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Shares Break Above 200 Day Moving Average – Should You Sell?

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $17.42 and traded as high as $17.52. First Trust Indxx Global Natural Resources Income ETF shares last traded at $17.48, with a volume of 19,750 shares changing hands.

First Trust Indxx Global Natural Resources Income ETF Stock Performance

The firm has a market capitalization of $118.86 million, a PE ratio of 11.72 and a beta of 0.63. The company has a fifty day simple moving average of $17.35 and a two-hundred day simple moving average of $17.42.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.0799 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%. This is a drop from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.0945. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in First Trust Indxx Global Natural Resources Income ETF by 19.3% during 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 period. Farther Finance Advisors LLC raised its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 8.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 144,448 shares of the company’s stock valued at $2,424,000 after purchasing an additional 11,780 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Indxx Global Natural Resources Income ETF in the 3rd quarter worth approximately $2,411,000. D.A. Davidson & CO. purchased a new stake in shares of First Trust Indxx Global Natural Resources Income ETF in the 3rd quarter worth approximately $1,484,000. Finally, Kestra Advisory Services LLC lifted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 5.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 42,155 shares of the company’s stock worth $708,000 after purchasing an additional 2,337 shares during the period.

About First Trust Indxx Global Natural Resources Income ETF

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.