First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Stock Price Up 0% – Still a Buy?

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG)’s share price rose 0% during mid-day trading on Monday . The stock traded as high as $21.47 and last traded at $21.42. Approximately 53,945 shares traded hands during trading, an increase of 75% from the average daily volume of 30,752 shares. The stock had previously closed at $21.41.

First Trust Nasdaq Food & Beverage ETF Stock Performance

The business’s fifty day simple moving average is $21.38 and its 200 day simple moving average is $22.09. The stock has a market cap of $18.21 million, a price-to-earnings ratio of 15.14 and a beta of 0.42.

First Trust Nasdaq Food & Beverage ETF Increases 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 $0.1621 dividend. This represents a $0.65 annualized dividend and a dividend yield of 3.0%. This is a positive change from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, September 25th.

Institutional Investors Weigh In On First Trust Nasdaq Food & Beverage ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC raised its position in shares of First Trust Nasdaq Food & Beverage ETF by 2.6% in the 3rd quarter. Citadel Advisors LLC now owns 35,284 shares of the company’s stock valued at $756,000 after purchasing an additional 885 shares in the last quarter. Wakefield Asset Management LLLP increased its stake in shares of First Trust Nasdaq Food & Beverage ETF by 3.7% in the third quarter. Wakefield Asset Management LLLP now owns 42,790 shares of the company’s stock worth $917,000 after buying an additional 1,511 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Nasdaq Food & Beverage ETF in the second quarter valued at $147,000. UBS Group AG acquired a new stake in First Trust Nasdaq Food & Beverage ETF in the third quarter valued at $1,000,000. Finally, Journey Advisory Group LLC bought a new position in First Trust Nasdaq Food & Beverage ETF during the 2nd quarter valued at $2,587,000.

About First Trust Nasdaq Food & Beverage ETF

The First Trust Nasdaq Food & Beverage ETF (FTXG) is an exchange-traded fund that is based on the Nasdaq US Smart Food & Beverage index. The fund follows a liquidity-selected, multi-factor-weighted index of US food & beverage companies. FTXG was launched on Sep 20, 2016 and is managed by First Trust.