Manchester Financial Inc. Invests $3.63 Million in First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY)

Manchester Financial Inc. bought a new stake in First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 87,802 shares of the company’s stock, valued at approximately $3,625,000. First Trust Bloomberg Shareholder Yield ETF makes up about 0.8% of Manchester Financial Inc.’s investment portfolio, making the stock its 19th biggest position. Manchester Financial Inc. owned about 0.18% of First Trust Bloomberg Shareholder Yield ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of SHRY. NBC Securities Inc. bought a new stake in First Trust Bloomberg Shareholder Yield ETF during the third quarter worth about $38,000. Allworth Financial LP purchased a new stake in First Trust Bloomberg Shareholder Yield ETF in the third quarter worth approximately $231,000. Finally, Clarus Wealth Advisors bought a new position in First Trust Bloomberg Shareholder Yield ETF during the third quarter valued at approximately $307,000.

First Trust Bloomberg Shareholder Yield ETF Stock Performance

SHRY stock opened at $40.69 on Friday. The company has a market capitalization of $20.35 million, a PE ratio of 16.73 and a beta of 0.90. First Trust Bloomberg Shareholder Yield ETF has a one year low of $29.29 and a one year high of $41.96. The company’s 50 day moving average price is $40.93 and its two-hundred day moving average price is $39.08.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1209 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Thursday, September 26th.

First Trust Bloomberg Shareholder Yield ETF 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.