First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Increases Dividend to $0.13 Per Share

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be given a dividend of 0.1294 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, June 25th. This is a 44.9% increase from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.09.

First Trust Nasdaq Food & Beverage ETF Stock Down 0.2%

FTXG traded down $0.04 during trading on Thursday, reaching $22.33. 19,789 shares of the company were exchanged, compared to its average volume of 19,871. First Trust Nasdaq Food & Beverage ETF has a 12-month low of $20.43 and a 12-month high of $23.94. The company’s 50-day moving average is $22.23 and its two-hundred day moving average is $22.19. The company has a market cap of $16.75 million, a price-to-earnings ratio of 15.14 and a beta of 0.39.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Journey Advisory Group LLC purchased a new position in First Trust Nasdaq Food & Beverage ETF during the first quarter valued at approximately $2,576,000. UBS Group AG purchased a new stake in First Trust Nasdaq Food & Beverage ETF in the 3rd quarter worth approximately $1,000,000. Wakefield Asset Management LLLP boosted its holdings in First Trust Nasdaq Food & Beverage ETF by 3.7% in the 3rd quarter. Wakefield Asset Management LLLP now owns 42,790 shares of the company’s stock valued at $917,000 after purchasing an additional 1,511 shares during the period. IHT Wealth Management LLC boosted its holdings in First Trust Nasdaq Food & Beverage ETF by 94.9% in the 4th quarter. IHT Wealth Management LLC now owns 39,201 shares of the company’s stock valued at $821,000 after purchasing an additional 19,090 shares during the period. Finally, Financial Solutions Advisory Group Inc. purchased a new position in shares of First Trust Nasdaq Food & Beverage ETF during the 1st quarter valued at $817,000.

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.