First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) Shares Break Below Two Hundred Day Moving Average – Here’s Why

First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG)’s share price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $29.40 and traded as low as $29.25. First Trust Indxx Global Agriculture ETF shares last traded at $29.1930, with a volume of 919 shares trading hands.

First Trust Indxx Global Agriculture ETF Stock Down 1.6%

The stock’s 50 day moving average is $29.36 and its 200-day moving average is $29.40. The company has a market cap of $14.30 million, a PE ratio of 16.08 and a beta of 0.70.

First Trust Indxx Global Agriculture ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.0583 dividend. This is a drop from First Trust Indxx Global Agriculture ETF’s previous quarterly dividend of $0.1798. The ex-dividend date was Thursday, September 24th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Trading of First Trust Indxx Global Agriculture ETF

An institutional investor recently bought a new stake in First Trust Indxx Global Agriculture ETF stock. Commonwealth Equity Services LLC purchased a new stake in First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 36,706 shares of the company’s stock, valued at approximately $1,059,000. Commonwealth Equity Services LLC owned about 7.49% of First Trust Indxx Global Agriculture ETF at the end of the most recent quarter.

First Trust Indxx Global Agriculture ETF Company Profile

First Trust ISE Global Platinum Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of the ISE Global Platinum Index (the Index). The Fund will normally invest at least 90% of its net assets in securities that comprise the Index or in depositary receipts representing foreign securities in the Index. The Index is designed to provide a benchmark for investors interested in tracking public companies that are active in platinum group metals (PGM) mining based on revenue analysis of those companies.