First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $58.34 and traded as low as $56.38. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $56.63, with a volume of 401 shares changing hands.

First Trust S-Network Future Vehicles & Technology ETF Stock Down 1.0 %

The firm has a market cap of $31.15 million, a PE ratio of 17.05 and a beta of 1.36. The firm has a 50-day moving average price of $58.34 and a two-hundred day moving average price of $57.87.

Hedge Funds Weigh In On First Trust S-Network Future Vehicles & Technology ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CARZ. Jane Street Group LLC increased its holdings in shares of First Trust S-Network Future Vehicles & Technology ETF by 69.6% in the third quarter. Jane Street Group LLC now owns 16,212 shares of the exchange traded fund’s stock valued at $940,000 after purchasing an additional 6,651 shares during the last quarter. Flow Traders U.S. LLC increased its stake in First Trust S-Network Future Vehicles & Technology ETF by 92.6% during the third quarter. Flow Traders U.S. LLC now owns 9,878 shares of the exchange traded fund’s stock worth $573,000 after acquiring an additional 4,750 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 22.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,591 shares of the exchange traded fund’s stock valued at $441,000 after buying an additional 1,380 shares in the last quarter. Stifel Financial Corp grew its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 5.4% in the third quarter. Stifel Financial Corp now owns 3,940 shares of the exchange traded fund’s stock valued at $229,000 after buying an additional 203 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF in the third quarter valued at $29,000.

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.