Horizon Wealth Management LLC Buys New Position in First Trust S-Network Future Vehicles & Technology ETF $CARZ

Horizon Wealth Management LLC bought a new stake in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) during the fourth quarter, HoldingsChannel.com reports. The fund bought 54,022 shares of the exchange traded fund’s stock, valued at approximately $4,209,000. Horizon Wealth Management LLC owned approximately 0.09% of First Trust S-Network Future Vehicles & Technology ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in First Trust S-Network Future Vehicles & Technology ETF by 6.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,460 shares of the exchange traded fund’s stock valued at $542,000 after buying an additional 446 shares during the last quarter. Osaic Holdings Inc. grew its stake in First Trust S-Network Future Vehicles & Technology ETF by 24.6% in the second quarter. Osaic Holdings Inc. now owns 2,566 shares of the exchange traded fund’s stock valued at $159,000 after purchasing an additional 506 shares in the last quarter. Raymond James Financial Inc. bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the second quarter valued at approximately $59,000. Advisory Services Network LLC bought a new position in First Trust S-Network Future Vehicles & Technology ETF in the third quarter valued at approximately $157,000. Finally, Jane Street Group LLC grew its stake in First Trust S-Network Future Vehicles & Technology ETF by 77.4% in the second quarter. Jane Street Group LLC now owns 7,090 shares of the exchange traded fund’s stock valued at $439,000 after purchasing an additional 3,094 shares in the last quarter.

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

CARZ stock opened at $113.64 on Monday. The business has a 50 day moving average price of $88.53 and a two-hundred day moving average price of $83.12. The company has a market cap of $56.82 million, a price-to-earnings ratio of 18.05 and a beta of 1.37. First Trust S-Network Future Vehicles & Technology ETF has a twelve month low of $54.55 and a twelve month high of $113.64.

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.