IFP Advisors Inc Acquires 1,275 Shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG)

IFP Advisors Inc increased its holdings in shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Get Rating) by 107.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,465 shares of the company’s stock after purchasing an additional 1,275 shares during the period. IFP Advisors Inc’s holdings in First Trust Nasdaq Food & Beverage ETF were worth $47,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTXG. Centaurus Financial Inc. purchased a new stake in First Trust Nasdaq Food & Beverage ETF during the third quarter valued at approximately $110,000. Advisor Group Holdings Inc. lifted its position in First Trust Nasdaq Food & Beverage ETF by 401.5% during the first quarter. Advisor Group Holdings Inc. now owns 5,446 shares of the company’s stock valued at $145,000 after acquiring an additional 4,360 shares during the last quarter. Captrust Financial Advisors purchased a new stake in First Trust Nasdaq Food & Beverage ETF during the first quarter valued at approximately $199,000. Trust Co. of Oklahoma purchased a new stake in First Trust Nasdaq Food & Beverage ETF during the fourth quarter valued at approximately $203,000. Finally, Geneos Wealth Management Inc. purchased a new stake in First Trust Nasdaq Food & Beverage ETF during the fourth quarter valued at approximately $245,000.

First Trust Nasdaq Food & Beverage ETF Stock Down 0.1 %

NASDAQ:FTXG opened at $27.28 on Thursday. First Trust Nasdaq Food & Beverage ETF has a 52 week low of $24.51 and a 52 week high of $28.24. The firm has a 50 day moving average of $27.32 and a 200 day moving average of $26.73. The stock has a market capitalization of $997.16 million, a price-to-earnings ratio of 16.40 and a beta of 0.60.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 27th were issued a $0.063 dividend. The ex-dividend date of this dividend was Friday, March 24th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.92%.

About First Trust Nasdaq Food & Beverage ETF

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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.