Citadel Advisors LLC Buys Shares of 44,000 First Trust Nasdaq Food & Beverage ETF $FTXG

Citadel Advisors LLC purchased a new stake in shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) during the second quarter, Holdings Channel.com reports. The fund purchased 44,000 shares of the company’s stock, valued at approximately $979,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in First Trust Nasdaq Food & Beverage ETF in the 2nd quarter worth about $147,000. UBS Group AG purchased a new stake in First Trust Nasdaq Food & Beverage ETF during the third quarter valued at about $1,000,000. Goldman Sachs Group Inc. lifted its holdings in First Trust Nasdaq Food & Beverage ETF by 24.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 31,493 shares of the company’s stock valued at $660,000 after purchasing an additional 6,121 shares during the last quarter. LPL Financial LLC lifted its holdings in First Trust Nasdaq Food & Beverage ETF by 37.0% during the fourth 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 last quarter. Finally, Stifel Financial Corp bought a new position in First Trust Nasdaq Food & Beverage ETF during the fourth quarter worth about $412,000.

First Trust Nasdaq Food & Beverage ETF Stock Down 0.2%

FTXG opened at $22.56 on Friday. The company has a market capitalization of $23.69 million, a price-to-earnings ratio of 15.14 and a beta of 0.39. The firm has a 50-day moving average price of $22.98 and a 200-day moving average price of $22.59. First Trust Nasdaq Food & Beverage ETF has a twelve month low of $20.43 and a twelve 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. Investors of record on Thursday, June 25th were issued a $0.1294 dividend. This is a boost 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. This represents a $0.52 annualized dividend and a yield of 2.3%.

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.