First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Shares Up 0.6% – Still a Buy?

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) was up 0.6% during trading on Friday . The company traded as high as $36.08 and last traded at $36.00. Approximately 91 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 585 shares. The stock had previously closed at $35.78.

First Trust S-Network E-Commerce ETF Price Performance

The stock has a 50-day moving average price of $38.71 and a 200-day moving average price of $39.97. The company has a market capitalization of $5.40 million, a P/E ratio of 19.19 and a beta of 1.03.

First Trust S-Network E-Commerce ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.2937 dividend. This is an increase from First Trust S-Network E-Commerce ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, December 12th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.3%.

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

A number of hedge funds have recently bought and sold shares of ISHP. Insight Advisors LLC PA acquired a new position in First Trust S-Network E-Commerce ETF in the second quarter valued at $253,000. Jane Street Group LLC bought a new position in shares of First Trust S-Network E-Commerce ETF in the 2nd quarter worth about $539,000. Royal Bank of Canada acquired a new position in shares of First Trust S-Network E-Commerce ETF in the 1st quarter valued at about $1,097,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of First Trust S-Network E-Commerce ETF during the 2nd quarter valued at about $109,000.

About First Trust S-Network E-Commerce ETF

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.