First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Shares Up 0.1% – What’s Next?

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was up 0.1% on Wednesday . The company traded as high as $22.29 and last traded at $22.26. Approximately 12,415 shares traded hands during trading, a decline of 41% from the average daily volume of 21,158 shares. The stock had previously closed at $22.24.

First Trust Nasdaq Food & Beverage ETF Stock Up 0.1%

The business has a 50 day simple moving average of $22.17 and a 200 day simple moving average of $22.00. The company has a market capitalization of $16.70 million, a PE ratio of 15.14 and a beta of 0.40.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0893 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.36 dividend on an annualized basis and a yield of 1.6%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTXG. Journey Advisory Group LLC purchased a new stake in First Trust Nasdaq Food & Beverage ETF in the first quarter valued at about $2,576,000. UBS Group AG purchased a new stake in First Trust Nasdaq Food & Beverage ETF in the third quarter valued at about $1,000,000. Stifel Financial Corp purchased a new stake in First Trust Nasdaq Food & Beverage ETF in the fourth quarter valued at about $412,000. IHT Wealth Management LLC increased its holdings in shares of First Trust Nasdaq Food & Beverage ETF by 94.9% in the fourth 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, Royal Bank of Canada increased its holdings in shares of 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.

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.