First Trust Nasdaq Food & Beverage ETF to Issue Quarterly Dividend of $0.09 (NASDAQ:FTXG)

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) announced a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Investors of record on Thursday, March 26th will be given a dividend of 0.0893 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust Nasdaq Food & Beverage ETF Price Performance

NASDAQ FTXG traded down $0.08 during trading hours on Thursday, hitting $21.80. The company’s stock had a trading volume of 11,007 shares, compared to its average volume of 25,221. 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 simple moving average is $22.73 and its two-hundred day simple moving average is $21.85. The company has a market cap of $17.44 million, a P/E ratio of 15.14 and a beta of 0.42.

Institutional Trading of First Trust Nasdaq Food & Beverage ETF

A number of large investors have recently made changes to their positions in the stock. IHT Wealth Management LLC lifted its position in First Trust Nasdaq Food & Beverage ETF by 94.9% during 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. Osaic Holdings Inc. grew its position in First Trust Nasdaq Food & Beverage ETF by 31.2% in the 4th quarter. Osaic Holdings Inc. now owns 6,344 shares of the company’s stock worth $133,000 after purchasing an additional 1,508 shares during the period. Royal Bank of Canada grew its position in First Trust Nasdaq Food & Beverage ETF by 348.0% in the 4th quarter. Royal Bank of Canada now owns 5,430 shares of the company’s stock worth $114,000 after purchasing an additional 4,218 shares during the period. Stifel Financial Corp purchased a new stake in First Trust Nasdaq Food & Beverage ETF during the 4th quarter valued at $412,000. Finally, LPL Financial LLC raised its stake in First Trust Nasdaq Food & Beverage ETF by 37.0% during the 4th quarter. LPL Financial LLC now owns 13,432 shares of the company’s stock valued at $281,000 after buying an additional 3,631 shares during the last quarter.

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.