First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Stock Price Up 0.6% – Time to Buy?

Shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) were up 0.6% during mid-day trading on Monday . The stock traded as high as $23.75 and last traded at $23.62. Approximately 4,955 shares were traded during trading, a decline of 72% from the average daily volume of 17,793 shares. The stock had previously closed at $23.49.

First Trust Nasdaq Food & Beverage ETF Price Performance

The firm has a market cap of $24.80 million, a price-to-earnings ratio of 15.14 and a beta of 0.39. The stock has a 50-day moving average price of $22.80 and a 200 day moving average price of $22.62.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1294 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.52 dividend on an annualized basis and a yield of 2.2%. This is a boost from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.09.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of First Trust Nasdaq Food & Beverage ETF during the second quarter worth approximately $147,000. UBS Group AG acquired a new stake in First Trust Nasdaq Food & Beverage ETF during the 3rd quarter worth $1,000,000. Citadel Advisors LLC boosted its stake in First Trust Nasdaq Food & Beverage ETF by 2.6% during the 3rd quarter. Citadel Advisors LLC now owns 35,284 shares of the company’s stock worth $756,000 after purchasing an additional 885 shares during the period. Goldman Sachs Group Inc. grew its position in First Trust Nasdaq Food & Beverage ETF by 24.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 31,493 shares of the company’s stock worth $660,000 after purchasing an additional 6,121 shares during the last quarter. Finally, LPL Financial LLC grew its position in First Trust Nasdaq Food & Beverage ETF by 37.0% during the 4th quarter. LPL Financial LLC now owns 13,432 shares of the company’s stock worth $281,000 after purchasing an additional 3,631 shares during the last quarter.

About First Trust Nasdaq Food & Beverage ETF

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.