International Assets Investment Management LLC Sells 16,059 Shares of First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ)

International Assets Investment Management LLC trimmed its position in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) by 73.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,918 shares of the exchange traded fund’s stock after selling 16,059 shares during the period. International Assets Investment Management LLC owned about 0.85% of First Trust S-Network Future Vehicles & Technology ETF worth $337,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the fourth quarter valued at approximately $153,000. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the 3rd quarter valued at $204,000. Finally, Sigma Planning Corp raised its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 5.7% during the 3rd quarter. Sigma Planning Corp now owns 19,326 shares of the exchange traded fund’s stock worth $990,000 after purchasing an additional 1,043 shares during the period.

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

CARZ opened at $56.20 on Friday. First Trust S-Network Future Vehicles & Technology ETF has a fifty-two week low of $46.26 and a fifty-two week high of $60.00. The firm has a 50-day moving average of $57.39 and a 200 day moving average of $54.67. The firm has a market cap of $36.53 million, a P/E ratio of 16.43 and a beta of 1.27.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.066 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, March 21st.

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.