First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Stock Crosses Below 50 Day Moving Average – Here’s Why

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $58.34 and traded as low as $56.38. First Trust S-Network Future Vehicles & Technology ETF shares last traded at $56.63, with a volume of 401 shares trading hands.

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

The stock has a market capitalization of $31.15 million, a P/E ratio of 17.05 and a beta of 1.27. The company’s 50 day simple moving average is $58.34 and its two-hundred day simple moving average is $57.89.

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

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