First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Stock Crosses Above 50-Day Moving Average – What’s Next?

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $84.38 and traded as high as $84.77. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $84.41, with a volume of 644 shares changing hands.

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

The firm’s fifty day moving average is $84.38 and its 200 day moving average is $77.43. The firm has a market capitalization of $50.65 million, a price-to-earnings ratio of 18.05 and a beta of 1.27.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $1.0769 per share. The ex-dividend date was Friday, December 12th. This represents a $4.31 annualized dividend and a dividend yield of 5.1%. This is an increase from First Trust S-Network Future Vehicles & Technology ETF’s previous quarterly dividend of $0.29.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CARZ. Horizon Wealth Management LLC acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the 4th quarter valued at about $4,209,000. Flow Traders U.S. LLC raised its position in First Trust S-Network Future Vehicles & Technology ETF by 23.2% during the third quarter. Flow Traders U.S. LLC now owns 42,060 shares of the exchange traded fund’s stock valued at $3,057,000 after acquiring an additional 7,929 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF in the fourth quarter valued at approximately $2,277,000. GeoWealth Management LLC bought a new stake in First Trust S-Network Future Vehicles & Technology ETF in the third quarter worth approximately $740,000. Finally, Cetera Investment Advisers increased its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 33.5% during the 4th quarter. Cetera Investment Advisers now owns 7,464 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 1,871 shares during the last quarter.

First Trust S-Network Future Vehicles & Technology ETF Company Profile

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. Securities are selected and weighted by market-cap. CARZ was launched on May 9, 2011 and is managed by First Trust.