First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) Shares Break Below Two Hundred Day Moving Average – Here’s Why

Shares of First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $29.40 and traded as low as $29.25. First Trust Indxx Global Agriculture ETF shares last traded at $29.1930, with a volume of 919 shares traded.

First Trust Indxx Global Agriculture ETF Stock Down 1.6%

The company has a fifty day moving average price of $29.36 and a 200-day moving average price of $29.40. The stock has a market capitalization of $14.30 million, a P/E ratio of 16.08 and a beta of 0.70.

First Trust Indxx Global Agriculture ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.0583 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.23 annualized dividend and a yield of 0.8%. This is a drop from First Trust Indxx Global Agriculture ETF’s previous quarterly dividend of $0.1798.

Institutional Trading of First Trust Indxx Global Agriculture ETF

An institutional investor recently bought a new stake in First Trust Indxx Global Agriculture ETF stock. Commonwealth Equity Services LLC acquired a new position in shares of First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 36,706 shares of the company’s stock, valued at approximately $1,059,000. Commonwealth Equity Services LLC owned approximately 7.49% of First Trust Indxx Global Agriculture ETF at the end of the most recent reporting period.

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.