Journey Advisory Group LLC Invests $2.58 Million in First Trust Nasdaq Food & Beverage ETF $FTXG

Journey Advisory Group LLC acquired a new stake in shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 116,359 shares of the company’s stock, valued at approximately $2,576,000. Journey Advisory Group LLC owned approximately 15.51% of First Trust Nasdaq Food & Beverage ETF as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. UBS Group AG bought a new stake in First Trust Nasdaq Food & Beverage ETF during the 3rd quarter worth approximately $1,000,000. IHT Wealth Management LLC lifted its holdings in First Trust Nasdaq Food & Beverage ETF by 94.9% during the fourth quarter. IHT Wealth Management LLC now owns 39,201 shares of the company’s stock valued at $821,000 after purchasing an additional 19,090 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of First Trust Nasdaq Food & Beverage ETF by 2.6% in the third quarter. Citadel Advisors LLC now owns 35,284 shares of the company’s stock worth $756,000 after purchasing an additional 885 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of First Trust Nasdaq Food & Beverage ETF by 24.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,493 shares of the company’s stock worth $660,000 after purchasing an additional 6,121 shares during the period. Finally, Stifel Financial Corp purchased a new stake in shares of First Trust Nasdaq Food & Beverage ETF in the fourth quarter worth $412,000.

First Trust Nasdaq Food & Beverage ETF Price Performance

Shares of FTXG stock opened at $22.52 on Thursday. The company has a market capitalization of $23.65 million, a price-to-earnings ratio of 15.14 and a beta of 0.39. First Trust Nasdaq Food & Beverage ETF has a one year low of $20.43 and a one year high of $23.94. The company’s fifty day moving average price is $22.40 and its 200-day moving average price is $22.32.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1294 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, June 25th. This is a boost from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.09.

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.