First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Stock Jumps 1.1% – Time to Buy?

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG)’s stock price rose 1.1% during trading on Thursday. The company traded as high as $22.76 and last traded at $22.3850. 12,307 shares were traded during trading, a decline of 34% from the average session volume of 18,784 shares. The stock had previously closed at $22.14.

First Trust Nasdaq Food & Beverage ETF Stock Up 1.1%

The firm has a market capitalization of $16.79 million, a price-to-earnings ratio of 15.14 and a beta of 0.41. The business’s fifty day moving average is $22.44 and its 200 day moving average is $22.43.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.1336 per share. This is a boost from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.1294. The ex-dividend date was Thursday, September 24th. This represents a $0.53 dividend on an annualized basis and a yield of 2.4%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Journey Advisory Group LLC bought a new stake in shares of First Trust Nasdaq Food & Beverage ETF in the first quarter worth $2,576,000. Citadel Advisors LLC bought a new position in shares of First Trust Nasdaq Food & Beverage ETF during the 2nd quarter worth approximately $979,000. Financial Solutions Advisory Group Inc. acquired a new position in shares of First Trust Nasdaq Food & Beverage ETF in the first quarter valued at $817,000. Royal Bank of Canada grew its stake in First Trust Nasdaq Food & Beverage ETF by 250.1% in the 1st quarter. Royal Bank of Canada now owns 19,009 shares of the company’s stock valued at $421,000 after buying an additional 13,579 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in First Trust Nasdaq Food & Beverage ETF during the 2nd quarter worth approximately $28,000.

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.