First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Get Free Report)’s stock price traded up 1.1% during trading on Thursday. The company traded as high as $22.76 and last traded at $22.3850. 12,307 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 18,784 shares. The stock had previously closed at $22.14.
First Trust Nasdaq Food & Beverage ETF Trading Up 1.1%
The firm has a market capitalization of $16.98 million, a PE ratio of 15.14 and a beta of 0.41. The business has a fifty day moving average price of $22.44 and a two-hundred day moving average price of $22.44.
First Trust Nasdaq Food & Beverage ETF Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.1336 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is an increase from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.1294. This represents a $0.53 dividend on an annualized basis and a yield of 2.4%.
Institutional Investors Weigh In On First Trust Nasdaq Food & Beverage ETF
Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust Nasdaq Food & Beverage ETF in the 2nd quarter valued at approximately $28,000. Citadel Advisors LLC purchased a new position in shares of First Trust Nasdaq Food & Beverage ETF during the 2nd quarter worth approximately $979,000. Parallel Advisors LLC acquired a new stake in First Trust Nasdaq Food & Beverage ETF in the 1st quarter valued at approximately $25,000. Financial Solutions Advisory Group Inc. purchased a new stake in First Trust Nasdaq Food & Beverage ETF in the first quarter valued at approximately $817,000. Finally, Royal Bank of Canada raised its position in First Trust Nasdaq Food & Beverage ETF by 250.1% in the first quarter. Royal Bank of Canada now owns 19,009 shares of the company’s stock valued at $421,000 after purchasing an additional 13,579 shares during the period.
First Trust Nasdaq Food & Beverage ETF Company Profile
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.
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