First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Shares Up 0% – Here’s What Happened

Shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) were up 0% during mid-day trading on Monday . The company traded as high as $21.47 and last traded at $21.42. Approximately 53,945 shares traded hands during mid-day trading, an increase of 75% from the average daily volume of 30,752 shares. The stock had previously closed at $21.41.

First Trust Nasdaq Food & Beverage ETF Trading Up 0.9%

The firm has a market capitalization of $18.51 million, a price-to-earnings ratio of 15.14 and a beta of 0.42. The company’s 50 day moving average is $21.37 and its 200-day moving average is $22.08.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.1621 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.16. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.0%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FTXG. Journey Advisory Group LLC acquired a new stake in shares of First Trust Nasdaq Food & Beverage ETF during the 2nd quarter worth $2,587,000. UBS Group AG bought a new stake in First Trust Nasdaq Food & Beverage ETF during the third quarter worth about $1,000,000. Wakefield Asset Management LLLP acquired a new stake in First Trust Nasdaq Food & Beverage ETF during the second quarter worth about $916,000. Raymond James Financial Inc. acquired a new stake in First Trust Nasdaq Food & Beverage ETF during the second quarter worth about $147,000. Finally, Citadel Advisors LLC increased its holdings in First Trust Nasdaq Food & Beverage ETF by 2.6% in the 3rd quarter. Citadel Advisors LLC now owns 35,284 shares of the company’s stock valued at $756,000 after buying an additional 885 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.