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 stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-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 Trading Up 1.0 %

The firm’s 50 day moving average is $57.81 and its two-hundred day moving average is $58.02. The stock has a market cap of $29.92 million, a price-to-earnings ratio of 17.05 and a beta of 1.27.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust S-Network Future Vehicles & Technology ETF during the third quarter valued at about $29,000. Stifel Financial Corp raised its stake in 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 acquiring an additional 203 shares during the period. Envestnet Asset Management Inc. grew 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 buying an additional 1,380 shares during the last quarter. Flow Traders U.S. LLC lifted its position in First Trust S-Network Future Vehicles & Technology ETF by 92.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 9,878 shares of the exchange traded fund’s stock valued at $573,000 after purchasing an additional 4,750 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in First Trust S-Network Future Vehicles & Technology ETF by 69.6% in the 3rd quarter. Jane Street Group LLC now owns 16,212 shares of the exchange traded fund’s stock worth $940,000 after buying an additional 6,651 shares in the last quarter.

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.