First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) Trading Down 0.3% – Should You Sell?

Shares of First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) fell 0.3% during trading on Friday . The stock traded as low as $43.43 and last traded at $43.42. 6,624 shares were traded during mid-day trading, an increase of 874% from the average session volume of 680 shares. The stock had previously closed at $43.57.

First Trust Bloomberg Shareholder Yield ETF Trading Down 0.3%

The company has a market cap of $17.37 million, a PE ratio of 16.89 and a beta of 0.89. The company’s 50 day moving average is $43.96 and its 200 day moving average is $43.01.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in First Trust Bloomberg Shareholder Yield ETF during the 2nd quarter valued at about $47,000. Geneos Wealth Management Inc. increased its position in First Trust Bloomberg Shareholder Yield ETF by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,400 shares of the company’s stock valued at $59,000 after purchasing an additional 700 shares during the period. Susquehanna International Group LLP purchased a new position in First Trust Bloomberg Shareholder Yield ETF during the 3rd quarter valued at about $1,628,000. Silver Oak Securities Incorporated increased its position 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 valued at $387,000 after purchasing an additional 1,182 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in First Trust Bloomberg Shareholder Yield ETF during the 4th quarter valued at about $96,000.

About First Trust Bloomberg Shareholder Yield ETF

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.