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

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

First Trust Nasdaq Food & Beverage ETF Stock Performance

The firm has a market capitalization of $16.70 million, a PE ratio of 15.14 and a beta of 0.40. The company has a fifty day simple moving average of $22.17 and a two-hundred day simple moving average of $22.00.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

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

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

A number of hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC lifted its stake 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 worth $756,000 after purchasing an additional 885 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of First Trust Nasdaq Food & Beverage ETF during the 1st quarter worth $25,000. Osaic Holdings Inc. lifted its stake in shares of First Trust Nasdaq Food & Beverage ETF by 31.2% during 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 last quarter. Wakefield Asset Management LLLP lifted its stake in shares of First Trust Nasdaq Food & Beverage ETF by 3.7% during the 3rd quarter. Wakefield Asset Management LLLP now owns 42,790 shares of the company’s stock worth $917,000 after purchasing an additional 1,511 shares during the last quarter. Finally, Miller Global Investments LLC purchased a new stake in shares of First Trust Nasdaq Food & Beverage ETF during the 4th quarter worth $36,000.

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.