First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Trading 0.2% Higher – What’s Next?

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY)’s share price rose 0.2% during mid-day trading on Thursday . The company traded as high as $45.00 and last traded at $44.32. Approximately 39 shares traded hands during trading, a decline of 95% from the average session volume of 742 shares. The stock had previously closed at $44.23.

First Trust Bloomberg Shareholder Yield ETF Trading Up 0.2%

The company’s fifty day simple moving average is $43.53 and its 200 day simple moving average is $43.64. The firm has a market capitalization of $15.51 million, a P/E ratio of 16.89 and a beta of 0.87.

First Trust Bloomberg Shareholder Yield ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1998 per share. This is an increase from First Trust Bloomberg Shareholder Yield ETF’s previous quarterly dividend of $0.12. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Bloomberg Shareholder Yield ETF

A number of institutional investors have recently bought and sold shares of SHRY. Raymond James Financial Inc. purchased a new stake in First Trust Bloomberg Shareholder Yield ETF in the second quarter worth about $47,000. Geneos Wealth Management Inc. boosted its position in First Trust Bloomberg Shareholder Yield ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock valued at $59,000 after acquiring an additional 700 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the 4th quarter worth approximately $96,000. RFG Advisory LLC purchased a new position in shares of First Trust Bloomberg Shareholder Yield ETF during the 1st quarter worth approximately $350,000. Finally, Silver Oak Securities Incorporated raised its position in shares of First Trust Bloomberg Shareholder Yield ETF by 14.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 9,180 shares of the company’s stock worth $387,000 after acquiring an additional 1,182 shares in the last quarter.

First Trust Bloomberg Shareholder Yield ETF Company 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. SHRY was launched on Jun 20, 2017 and is issued by First Trust.