Financial Solutions Advisory Group Inc. Invests $817,000 in First Trust Nasdaq Food & Beverage ETF $FTXG

Financial Solutions Advisory Group Inc. purchased a new position in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXGFree Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 36,915 shares of the company’s stock, valued at approximately $817,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Journey Advisory Group LLC purchased a new stake in First Trust Nasdaq Food & Beverage ETF during the first quarter worth about $2,576,000. UBS Group AG purchased a new position in First Trust Nasdaq Food & Beverage ETF in the third quarter valued at about $1,000,000. IHT Wealth Management LLC grew its position in shares of First Trust Nasdaq Food & Beverage ETF by 94.9% during the 4th quarter. IHT Wealth Management LLC now owns 39,201 shares of the company’s stock valued at $821,000 after acquiring an additional 19,090 shares during the period. Citadel Advisors LLC grew its position in shares of First Trust Nasdaq Food & Beverage ETF by 2.6% during the 3rd quarter. Citadel Advisors LLC now owns 35,284 shares of the company’s stock valued at $756,000 after acquiring an additional 885 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of First Trust Nasdaq Food & Beverage ETF by 24.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 31,493 shares of the company’s stock worth $660,000 after purchasing an additional 6,121 shares during the last quarter.

First Trust Nasdaq Food & Beverage ETF Stock Down 1.6%

Shares of FTXG stock opened at $22.92 on Friday. The firm has a market cap of $24.07 million, a P/E ratio of 15.14 and a beta of 0.39. The company has a 50 day moving average of $22.59 and a 200-day moving average of $22.50. First Trust Nasdaq Food & Beverage ETF has a 12-month low of $20.43 and a 12-month high of $23.95.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.1294 per share. This represents a $0.52 annualized dividend and a yield of 2.3%. This is a positive change from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, June 25th.

About First Trust Nasdaq Food & Beverage ETF

(Free Report)

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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Institutional Ownership by Quarter for First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG)

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