Journey Advisory Group LLC Makes New $2.58 Million Investment in First Trust Nasdaq Food & Beverage ETF $FTXG

Journey Advisory Group LLC bought a new stake in shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 116,359 shares of the company’s stock, valued at approximately $2,576,000. Journey Advisory Group LLC owned 0.16% of First Trust Nasdaq Food & Beverage ETF at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FTXG. UBS Group AG purchased a new position in First Trust Nasdaq Food & Beverage ETF in the 3rd quarter worth about $1,000,000. IHT Wealth Management LLC lifted its holdings in First Trust Nasdaq Food & Beverage ETF by 94.9% during the 4th quarter. IHT Wealth Management LLC now owns 39,201 shares of the company’s stock valued at $821,000 after buying an additional 19,090 shares in the last quarter. Citadel Advisors LLC boosted its position 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. Goldman Sachs Group Inc. boosted its position in First Trust Nasdaq Food & Beverage ETF by 24.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 31,493 shares of the company’s stock valued at $660,000 after buying an additional 6,121 shares during the period. Finally, Stifel Financial Corp bought a new position in First Trust Nasdaq Food & Beverage ETF in the 4th quarter worth about $412,000.

First Trust Nasdaq Food & Beverage ETF Stock Performance

Shares of NASDAQ:FTXG opened at $22.52 on Thursday. The firm has a market cap of $23.65 million, a PE ratio of 15.14 and a beta of 0.39. The firm’s 50 day simple moving average is $22.40 and its 200-day simple moving average is $22.32. First Trust Nasdaq Food & Beverage ETF has a one year low of $20.43 and a one year high of $23.94.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1294 dividend. This represents a $0.52 annualized dividend and a yield of 2.3%. This is an increase from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, June 25th.

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.