First Trust S-Network Future Vehicles & Technology ETF (CARZ) Research
The First Trust S-Network Future Vehicles & Technology ETF (CARZ), previously known as the First Trust NASDAQ Global Auto Index Fund, endeavors to generally mirror the price and income performance of the S-Network Electric & Future Vehicle Ecosystem Index, prior to accounting for its own operational costs. The fund typically allocates at least 90% of its total assets, which may include borrowed capital used for investment, to the common stocks and depository receipts that comprise this benchmark index.
Market snapshot
- Symbol
- CARZ
- Price
- $119.94
- Day change
- +3.93%
- Market cap
- $55.9M
- 52-week range
- 58.69-123.17
- Sector
- Financial Services
- Industry
- Asset Management
Recent news
- Iran war fuel spikes lift Europe's EV sales again, but growth may not last
Rising fuel prices driven by the Iran war are boosting demand for new and used electric vehicles across Europe, industry data shared with Reuters shows, though some executives warn interest could fade if petrol costs fall.
- At Hong Kong auto show, China automakers to target wealthy in right-hand-drive markets
Chinese automakers are speeding into right-hand-drive markets from Australia to Southeast Asia and challenging long-dominant Japanese car companies with premium electric vehicles aimed at affluent consumers.
- Chinese EVs may hit U.S. within a few years, one way or another
China has deliberately and aggressively expanded its EV footprint throughout Europe, the U.K., Asia and Australia, exporting millions of vehicles, building factories and widening supply chains. Despite tariffs, stringent regulations and fierce opposition from lawmakers and the American auto industry, there's a growing possibility that Chinese electric vehicles will be sold in the U.S. in the next few years.
Peer companies
- First Trust Dorsey Wright Momentum & Value ETF (DVLU)
- iShares ESG Aware 80/20 Aggressive Allocation ETF (EAOA)
- Tactical Advantage ETF (FDAT)
- Fidelity Electric Vehicles and Future Transportation ETF (FDRV)
- Fidelity Clean Energy ETF (FRNW)
- Innovator Intl Developed Power Buffer ETF (IMAR)
- First Trust Merger Arbitrage ETF (MARB)
- US Diversified Real Estate ETF (PPTY)
Recent insider activity
- LIU ZHENYONG — trade (0 shares) on 2007-10-30
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