Manchester Financial Inc. Lowers Stock Holdings in First Trust Bloomberg Shareholder Yield ETF $SHRY

Manchester Financial Inc. reduced its stake in First Trust Bloomberg Shareholder Yield ETF (NASDAQ:SHRY) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,367 shares of the company’s stock after selling 7,655 shares during the quarter. First Trust Bloomberg Shareholder Yield ETF accounts for 0.6% of Manchester Financial Inc.’s investment portfolio, making the stock its 29th biggest holding. Manchester Financial Inc. owned about 0.16% of First Trust Bloomberg Shareholder Yield ETF worth $2,775,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Private Trust Co. NA purchased a new position in shares of First Trust Bloomberg Shareholder Yield ETF in the 2nd quarter valued at approximately $43,000.

First Trust Bloomberg Shareholder Yield ETF Price Performance

First Trust Bloomberg Shareholder Yield ETF stock opened at $42.06 on Friday. First Trust Bloomberg Shareholder Yield ETF has a 1-year low of $35.78 and a 1-year high of $43.25. The company has a market cap of $16.82 million, a PE ratio of 16.89 and a beta of 0.99. The stock’s 50 day moving average price is $42.56 and its 200 day moving average price is $41.55.

First Trust Bloomberg Shareholder Yield ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.1614 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.5%.

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.