First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) Stock Price Up 2.4% – Should You Buy?

First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG)’s stock price was up 2.4% on Wednesday. The stock traded as high as $29.41 and last traded at $29.39. 137 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 5,327 shares. The stock had previously closed at $28.71.

First Trust Indxx Global Agriculture ETF Trading Down 0.2%

The firm has a market capitalization of $14.25 million, a P/E ratio of 22.24 and a beta of 0.70. The business has a 50-day moving average of $29.47 and a 200 day moving average of $29.38.

First Trust Indxx Global Agriculture ETF Cuts Dividend

The business also recently disclosed 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 of this dividend was Thursday, September 24th. This represents a $0.23 dividend on an annualized basis and a yield of 0.8%. This is a decrease from First Trust Indxx Global Agriculture ETF’s previous quarterly dividend of $0.1798.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in First Trust Indxx Global Agriculture ETF stock. ABLE Financial Group LLC grew its position in shares of First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) by 22.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,795 shares of the company’s stock after acquiring an additional 21,486 shares during the quarter. ABLE Financial Group LLC owned 23.84% of First Trust Indxx Global Agriculture ETF worth $3,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

First Trust Indxx Global Agriculture ETF Company Profile

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.