Financial Solutions Advisory Group Inc. Buys New Holdings in First Trust Nasdaq Food & Beverage ETF $FTXG

Financial Solutions Advisory Group Inc. purchased a new position in shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 36,915 shares of the company’s stock, valued at approximately $817,000. Financial Solutions Advisory Group Inc. owned 4.92% of First Trust Nasdaq Food & Beverage ETF as of its most recent filing with the SEC.

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

First Trust Nasdaq Food & Beverage ETF Trading Down 1.6%

NASDAQ FTXG opened at $22.92 on Friday. The company has a market cap of $24.07 million, a P/E ratio of 15.14 and a beta of 0.39. The company has a fifty day simple moving average of $22.59 and a 200 day simple moving average of $22.50. First Trust Nasdaq Food & Beverage ETF has a 12-month low of $20.43 and a 12-month high of $23.95.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1294 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change 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.