First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Trading 1% Higher – Should You Buy?

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) shares traded up 1% during mid-day trading on Tuesday . The stock traded as high as $18.03 and last traded at $17.99. Approximately 16,662 shares were traded during mid-day trading, a decline of 62% from the average session volume of 43,336 shares. The stock had previously closed at $17.81.

First Trust Indxx Global Natural Resources Income ETF Stock Up 1.0%

The company has a market cap of $125.93 million, a P/E ratio of 15.66 and a beta of 0.59. The firm has a fifty day moving average price of $17.61 and a 200 day moving average price of $17.39.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.0945 per share. This is a positive change from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, June 25th. This represents a $0.38 annualized dividend and a yield of 2.1%.

Institutional Investors Weigh In On First Trust Indxx Global Natural Resources Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC raised its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 46.1% in the second quarter. Integrated Wealth Concepts LLC now owns 37,344 shares of the company’s stock worth $593,000 after acquiring an additional 11,791 shares during the last quarter. Focus Financial Network Inc. grew its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 4.3% during the second quarter. Focus Financial Network Inc. now owns 19,894 shares of the company’s stock valued at $316,000 after purchasing an additional 821 shares during the last quarter. Crumly & Associates Inc. grew its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 43.0% during the second quarter. Crumly & Associates Inc. now owns 22,683 shares of the company’s stock valued at $360,000 after purchasing an additional 6,821 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of First Trust Indxx Global Natural Resources Income ETF in the first quarter valued at approximately $62,000. Finally, Royal Bank of Canada increased its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 19.3% in the first quarter. Royal Bank of Canada now owns 810,328 shares of the company’s stock valued at $14,464,000 after purchasing an additional 131,076 shares in the last quarter.

About First Trust Indxx Global Natural Resources Income ETF

First Trust ISE Global Copper Index Fund is an exchange traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the ISE Global Copper Index. The ISE Global Copper Index is designed to provide the investors interested in tracking public companies, which are active in the copper mining industry based on analysis of revenue derived from the sale of copper. The issuers of the component securities of the index must be engaged in some aspect of the copper mining industry, such as copper mining, refining or exploration.