First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Trading Up 0.5% – Time to Buy?

Shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) rose 0.5% on Monday . The company traded as high as $36.42 and last traded at $36.99. Approximately 20 shares traded hands during trading, a decline of 92% from the average daily volume of 266 shares. The stock had previously closed at $36.79.

First Trust S-Network E-Commerce ETF Stock Performance

The firm’s 50-day moving average price is $35.29 and its two-hundred day moving average price is $34.74. The firm has a market cap of $5.55 million, a PE ratio of 19.19 and a beta of 1.01.

First Trust S-Network E-Commerce ETF Announces Dividend

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

Hedge Funds Weigh In On First Trust S-Network E-Commerce ETF

An institutional investor recently bought a new stake in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC bought a new stake in First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,616 shares of the company’s stock, valued at approximately $539,000. Jane Street Group LLC owned about 9.08% of First Trust S-Network E-Commerce ETF as of its most recent filing with the Securities and Exchange Commission.

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.