First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $57.56 and traded as high as $60.35. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $60.17, with a volume of 19,802 shares changing hands.

First Trust S-Network Future Vehicles & Technology ETF Price Performance

The company’s 50-day simple moving average is $57.99 and its 200-day simple moving average is $57.58. The company has a market cap of $35.72 million, a price-to-earnings ratio of 17.65 and a beta of 1.27.

First Trust S-Network Future Vehicles & Technology ETF Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.2887 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of First Trust S-Network Future Vehicles & Technology ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter valued at approximately $29,000. Stifel Financial Corp raised its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 5.4% in the 3rd quarter. Stifel Financial Corp now owns 3,940 shares of the exchange traded fund’s stock valued at $229,000 after purchasing an additional 203 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 92.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 9,878 shares of the exchange traded fund’s stock valued at $573,000 after buying an additional 4,750 shares during the last quarter. Jane Street Group LLC grew its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 69.6% during the third quarter. Jane Street Group LLC now owns 16,212 shares of the exchange traded fund’s stock worth $940,000 after buying an additional 6,651 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 184,457.7% in the third quarter. International Assets Investment Management LLC now owns 191,940 shares of the exchange traded fund’s stock worth $11,133,000 after buying an additional 191,836 shares during the last quarter.

About First Trust S-Network Future Vehicles & Technology ETF

The First Trust S-Network Future Vehicles & Technology ETF (CARZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index that provides exposure to electric and autonomous vehicles and the technology essential for the supply and production of these vehicles.