First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) Trading Down 0.6% – What’s Next?

First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) shares dropped 0.6% during mid-day trading on Thursday . The company traded as low as $28.28 and last traded at $28.32. Approximately 5,413 shares traded hands during trading, a decline of 29% from the average session volume of 7,599 shares. The stock had previously closed at $28.49.

First Trust Indxx Global Agriculture ETF Trading Down 0.6%

The company has a 50-day simple moving average of $29.46 and a 200 day simple moving average of $28.63. The company has a market cap of $15.29 million, a P/E ratio of 22.24 and a beta of 0.66.

First Trust Indxx Global Agriculture ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0332 per share. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Investors Weigh In On First Trust Indxx Global Agriculture ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its stake in First Trust Indxx Global Agriculture ETF by 14.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 29,225 shares of the company’s stock worth $768,000 after acquiring an additional 3,615 shares in the last quarter. Flow Traders U.S. LLC increased its position in shares of First Trust Indxx Global Agriculture ETF by 28.8% during the third quarter. Flow Traders U.S. LLC now owns 45,012 shares of the company’s stock worth $1,163,000 after acquiring an additional 10,056 shares during the period. Virtu Financial LLC raised its stake in shares of First Trust Indxx Global Agriculture ETF by 8.1% during the third quarter. Virtu Financial LLC now owns 13,365 shares of the company’s stock valued at $345,000 after acquiring an additional 1,007 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of First Trust Indxx Global Agriculture ETF during the second quarter valued at approximately $305,000.

About First Trust Indxx Global Agriculture ETF

First Trust ISE Global Platinum Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of the ISE Global Platinum Index (the Index). The Fund will normally invest at least 90% of its net assets in securities that comprise the Index or in depositary receipts representing foreign securities in the Index. The Index is designed to provide a benchmark for investors interested in tracking public companies that are active in platinum group metals (PGM) mining based on revenue analysis of those companies.