First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Trading 0.6% Higher – Still a Buy?

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG)’s stock price rose 0.6% during mid-day trading on Friday . The stock traded as high as $24.72 and last traded at $24.70. Approximately 2,514 shares changed hands during trading, a decline of 87% from the average daily volume of 18,813 shares. The stock had previously closed at $24.55.

First Trust Nasdaq Food & Beverage ETF Price Performance

The company has a market cap of $32.11 million, a PE ratio of 19.00 and a beta of 0.60. The stock has a fifty day moving average price of $24.75 and a 200-day moving average price of $24.57.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.1636 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.65 annualized dividend and a yield of 2.65%.

Institutional Trading of First Trust Nasdaq Food & Beverage ETF

A hedge fund recently bought a new stake in First Trust Nasdaq Food & Beverage ETF stock. Jane Street Group LLC acquired a new position in shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,061 shares of the company’s stock, valued at approximately $258,000. Jane Street Group LLC owned approximately 0.77% of First Trust Nasdaq Food & Beverage ETF at the end of the most recent quarter.

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.