First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Shares Down 2% – What’s Next?

First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY)’s share price was down 2% during mid-day trading on Wednesday . The stock traded as low as $42.49 and last traded at $42.55. Approximately 282 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 686 shares. The stock had previously closed at $43.42.

First Trust Bloomberg Shareholder Yield ETF Stock Performance

The business’s 50 day moving average price is $43.85 and its 200-day moving average price is $43.45. The company has a market cap of $16.96 million, a price-to-earnings ratio of 16.89 and a beta of 0.87.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.1163 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Bloomberg Shareholder Yield ETF

Several institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP bought a new stake in shares of First Trust Bloomberg Shareholder Yield ETF during the third quarter worth $1,628,000. RFG Advisory LLC acquired a new position in First Trust Bloomberg Shareholder Yield ETF during the 1st quarter worth about $350,000. Kestra Advisory Services LLC acquired a new position in First Trust Bloomberg Shareholder Yield ETF during the 4th quarter worth about $96,000. Silver Oak Securities Incorporated grew its holdings in First Trust Bloomberg Shareholder Yield ETF by 14.8% during 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 during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in First Trust Bloomberg Shareholder Yield ETF during the 2nd quarter worth about $47,000.

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.