First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) Trading Down 1.2% – Here’s Why

First Trust S-Network E-Commerce ETF (NASDAQ:ISHP)’s stock price traded down 1.2% on Friday . The stock traded as low as $34.94 and last traded at $34.95. 472 shares were traded during trading, an increase of 62% from the average daily volume of 291 shares. The stock had previously closed at $35.36.

First Trust S-Network E-Commerce ETF Stock Down 1.2%

The business has a 50-day moving average price of $33.98 and a 200-day moving average price of $35.45. The firm has a market capitalization of $5.24 million, a P/E ratio of 19.19 and a beta of 1.01.

First Trust S-Network E-Commerce ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.0712 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.28 dividend on an annualized basis and a yield of 0.8%.

Institutional Investors Weigh In On First Trust S-Network E-Commerce ETF

An institutional investor recently raised its position in First Trust S-Network E-Commerce ETF stock. Jane Street Group LLC lifted its holdings in shares of First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) by 49.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,419 shares of the company’s stock after acquiring an additional 10,706 shares during the period. Jane Street Group LLC owned approximately 21.61% of First Trust S-Network E-Commerce ETF worth $1,269,000 as of its most recent filing with the SEC.

First Trust S-Network E-Commerce ETF Company Profile

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.