First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Stock Crosses Below 200-Day Moving Average – What’s Next?

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $22.48 and traded as low as $22.34. First Trust Nasdaq Food & Beverage ETF shares last traded at $22.41, with a volume of 296,710 shares traded.

First Trust Nasdaq Food & Beverage ETF Stock Up 0.4%

The stock has a market capitalization of $16.77 million, a price-to-earnings ratio of 15.14 and a beta of 0.41. The firm has a 50-day moving average of $22.38 and a two-hundred day moving average of $22.49.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid 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 of this dividend was Thursday, September 24th. This represents a $0.53 annualized dividend and a yield of 2.4%.

Hedge Funds Weigh In On First Trust Nasdaq Food & Beverage ETF

A number of large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust Nasdaq Food & Beverage ETF in the second quarter worth approximately $28,000. Citadel Advisors LLC acquired a new stake in shares of First Trust Nasdaq Food & Beverage ETF during the second quarter worth approximately $979,000. Parallel Advisors LLC purchased a new position in First Trust Nasdaq Food & Beverage ETF during the first quarter valued at approximately $25,000. Financial Solutions Advisory Group Inc. purchased a new position in First Trust Nasdaq Food & Beverage ETF during the first quarter valued at approximately $817,000. Finally, Royal Bank of Canada grew its position in First Trust Nasdaq Food & Beverage ETF by 250.1% during the first quarter. Royal Bank of Canada now owns 19,009 shares of the company’s stock valued at $421,000 after purchasing an additional 13,579 shares in the last quarter.

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.