First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Trading Down 0% – Here’s Why

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) shares dropped 0% on Friday . The company traded as low as $47.05 and last traded at $46.7997. Approximately 23 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 696 shares. The stock had previously closed at $46.80.

First Trust Bloomberg Shareholder Yield ETF Stock Up 0.5%

The firm has a fifty day simple moving average of $44.14 and a 200-day simple moving average of $43.97. The company has a market cap of $16.47 million, a PE 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. Stockholders of record on Thursday, June 25th were issued a $0.1998 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12. This represents a $0.80 annualized dividend and a dividend yield of 1.7%.

Institutional Trading of First Trust Bloomberg Shareholder Yield ETF

Several institutional investors and hedge funds have recently bought and sold shares of SHRY. Susquehanna International Group LLP purchased a new position in First Trust Bloomberg Shareholder Yield ETF during the 3rd quarter worth $1,628,000. RFG Advisory LLC purchased a new stake in shares of First Trust Bloomberg Shareholder Yield ETF in the first quarter valued at about $350,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Bloomberg Shareholder Yield ETF in the fourth quarter valued at about $96,000. Geneos Wealth Management Inc. boosted its stake in shares of First Trust Bloomberg Shareholder Yield ETF by 100.0% during the second 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. Finally, Raymond James Financial Inc. purchased a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the second quarter worth about $47,000.

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.