First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Trading Down 0.8% – Here’s What Happened

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG)’s share price fell 0.8% during trading on Wednesday . The company traded as low as $24.18 and last traded at $24.26. 10,011 shares were traded during mid-day trading, a decline of 48% from the average session volume of 19,365 shares. The stock had previously closed at $24.45.

First Trust Nasdaq Food & Beverage ETF Stock Down 0.8 %

The firm’s 50 day simple moving average is $25.27 and its two-hundred day simple moving average is $24.62. The stock has a market cap of $31.54 million, a P/E ratio of 19.00 and a beta of 0.60.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.1636 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.65 annualized dividend and a yield of 2.70%.

Hedge Funds Weigh In On First Trust Nasdaq Food & Beverage ETF

An institutional investor recently raised its position in First Trust Nasdaq Food & Beverage ETF stock. Bbjs Financial Advisors LLC increased its position in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,672 shares of the company’s stock after acquiring an additional 935 shares during the period. First Trust Nasdaq Food & Beverage ETF makes up 1.1% of Bbjs Financial Advisors LLC’s portfolio, making the stock its 23rd biggest position. Bbjs Financial Advisors LLC owned approximately 7.27% of First Trust Nasdaq Food & Beverage ETF worth $2,903,000 at the end of the most recent 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.