First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ)’s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $57.95 and traded as low as $52.77. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $53.45, with a volume of 1,104 shares trading hands.

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

The stock has a market cap of $29.40 million, a PE ratio of 17.05 and a beta of 1.27. The company has a 50 day moving average of $57.95 and a two-hundred day moving average of $58.03.

Institutional Trading of First Trust S-Network Future Vehicles & Technology ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 22.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,591 shares of the exchange traded fund’s stock valued at $441,000 after buying an additional 1,380 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in First Trust S-Network Future Vehicles & Technology ETF during the third quarter valued at $29,000. Jane Street Group LLC grew its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 69.6% in the third quarter. Jane Street Group LLC now owns 16,212 shares of the exchange traded fund’s stock valued at $940,000 after purchasing an additional 6,651 shares during the period. Stifel Financial Corp increased its stake in shares of First Trust S-Network Future Vehicles & Technology ETF by 5.4% during the third quarter. Stifel Financial Corp now owns 3,940 shares of the exchange traded fund’s stock worth $229,000 after purchasing an additional 203 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its position in shares of First Trust S-Network Future Vehicles & Technology ETF by 92.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 9,878 shares of the exchange traded fund’s stock worth $573,000 after purchasing an additional 4,750 shares during the last quarter.

About First Trust S-Network Future Vehicles & Technology ETF

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.