First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) Shares Down 1.7% – Should You Sell?

First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG)’s stock price dropped 1.7% on Thursday . The company traded as low as $29.77 and last traded at $29.77. Approximately 933 shares traded hands during trading, a decline of 86% from the average daily volume of 6,629 shares. The stock had previously closed at $30.28.

First Trust Indxx Global Agriculture ETF Trading Down 1.7%

The firm has a market capitalization of $16.08 million, a P/E ratio of 22.24 and a beta of 0.68. The business’s 50 day simple moving average is $29.52 and its two-hundred day simple moving average is $27.92.

First Trust Indxx Global Agriculture ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.0332 per share. This represents a $0.13 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust Indxx Global Agriculture ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in First Trust Indxx Global Agriculture ETF by 14.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 29,225 shares of the company’s stock valued at $768,000 after purchasing an additional 3,615 shares in the last quarter. Flow Traders U.S. LLC increased its stake in First Trust Indxx Global Agriculture ETF by 28.8% during the 3rd quarter. Flow Traders U.S. LLC now owns 45,012 shares of the company’s stock valued at $1,163,000 after purchasing an additional 10,056 shares in the last quarter. Virtu Financial LLC increased its stake in First Trust Indxx Global Agriculture ETF by 8.1% during the 3rd quarter. Virtu Financial LLC now owns 13,365 shares of the company’s stock valued at $345,000 after purchasing an additional 1,007 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of First Trust Indxx Global Agriculture ETF in the second quarter worth approximately $305,000.

About First Trust Indxx Global Agriculture ETF

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.