First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Trading Up 0.1% – Time to Buy?

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG)’s stock price was up 0.1% on Wednesday . The stock traded as high as $22.29 and last traded at $22.26. Approximately 12,415 shares traded hands during trading, a decline of 41% from the average daily volume of 21,158 shares. The stock had previously closed at $22.24.

First Trust Nasdaq Food & Beverage ETF Stock Performance

The stock’s fifty day simple moving average is $22.16 and its two-hundred day simple moving average is $22.01. The stock has a market capitalization of $16.76 million, a P/E ratio of 15.14 and a beta of 0.40.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FTXG. Parallel Advisors LLC acquired a new position in shares of First Trust Nasdaq Food & Beverage ETF in the first quarter worth approximately $25,000. Miller Global Investments LLC acquired a new position in shares of First Trust Nasdaq Food & Beverage ETF in the fourth quarter worth approximately $36,000. Royal Bank of Canada lifted its stake in shares of First Trust Nasdaq Food & Beverage ETF by 348.0% in the fourth quarter. Royal Bank of Canada now owns 5,430 shares of the company’s stock worth $114,000 after acquiring an additional 4,218 shares during the period. Osaic Holdings Inc. lifted its stake in shares of First Trust Nasdaq Food & Beverage ETF by 31.2% in the fourth quarter. Osaic Holdings Inc. now owns 6,344 shares of the company’s stock worth $133,000 after acquiring an additional 1,508 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of First Trust Nasdaq Food & Beverage ETF in the second quarter worth approximately $147,000.

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.