First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Stock Price Up 1.1% – What’s Next?

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG)’s share price rose 1.1% during mid-day trading on Thursday. The company traded as high as $22.76 and last traded at $22.3850. 12,307 shares traded hands during trading, a decline of 34% from the average daily volume of 18,784 shares. The stock had previously closed at $22.14.

First Trust Nasdaq Food & Beverage ETF Trading Up 1.1%

The company has a market cap of $16.79 million, a P/E ratio of 15.14 and a beta of 0.41. The firm’s 50 day moving average price is $22.44 and its 200-day moving average price is $22.43.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1336 dividend. This is an increase from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.1294. This represents a $0.53 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, September 24th.

Hedge Funds Weigh In On First Trust Nasdaq Food & Beverage ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FTXG. Journey Advisory Group LLC bought a new stake in shares of First Trust Nasdaq Food & Beverage ETF during the 1st quarter valued at $2,576,000. Citadel Advisors LLC bought a new position in shares of First Trust Nasdaq Food & Beverage ETF in the 2nd quarter worth $979,000. Financial Solutions Advisory Group Inc. bought a new position in shares of First Trust Nasdaq Food & Beverage ETF in the 1st quarter worth $817,000. Royal Bank of Canada grew its stake in shares of First Trust Nasdaq Food & Beverage ETF by 250.1% during the first quarter. Royal Bank of Canada now owns 19,009 shares of the company’s stock worth $421,000 after purchasing an additional 13,579 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Nasdaq Food & Beverage ETF during the second quarter worth $28,000.

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.