First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Shares Break Below 200 Day Moving Average – Here’s What Happened

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $22.48 and traded as low as $22.34. First Trust Nasdaq Food & Beverage ETF shares last traded at $22.41, with a volume of 296,710 shares traded.

First Trust Nasdaq Food & Beverage ETF Stock Performance

The firm’s 50-day simple moving average is $22.41 and its 200-day simple moving average is $22.48. The company has a market capitalization of $16.81 million, a price-to-earnings ratio of 15.14 and a beta of 0.41.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.1336 dividend. This is a positive change from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.1294. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.53 annualized dividend and a yield of 2.4%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Journey Advisory Group LLC acquired a new stake in First Trust Nasdaq Food & Beverage ETF during the first quarter worth $2,576,000. Citadel Advisors LLC bought a new stake in First Trust Nasdaq Food & Beverage ETF in the 2nd quarter valued at $979,000. Financial Solutions Advisory Group Inc. bought a new stake in First Trust Nasdaq Food & Beverage ETF in the 1st quarter valued at $817,000. Royal Bank of Canada increased its holdings in First Trust Nasdaq Food & Beverage ETF by 250.1% in the 1st quarter. Royal Bank of Canada now owns 19,009 shares of the company’s stock valued at $421,000 after buying an additional 13,579 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of First Trust Nasdaq Food & Beverage ETF in the 2nd quarter valued at $28,000.

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.