First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) Stock Price Down 0.6% – Time to Sell?

First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) was down 0.6% during trading on Thursday . The stock traded as low as $28.28 and last traded at $28.32. Approximately 5,413 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 7,599 shares. The stock had previously closed at $28.49.

First Trust Indxx Global Agriculture ETF Stock Performance

The stock has a market capitalization of $15.29 million, a PE ratio of 22.24 and a beta of 0.66. The stock has a 50-day moving average price of $29.46 and a two-hundred day moving average price of $28.63.

First Trust Indxx Global Agriculture ETF Cuts Dividend

The company also recently announced 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. The ex-dividend date was Thursday, March 26th. This represents a $0.13 dividend on an annualized basis and a yield of 0.5%.

Hedge Funds Weigh In On First Trust Indxx Global Agriculture ETF

A number of hedge funds have recently modified their holdings of FTAG. Flow Traders U.S. LLC raised its position in shares of 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 during the period. Commonwealth Equity Services LLC boosted its holdings in First Trust Indxx Global Agriculture ETF by 14.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 29,225 shares of the company’s stock worth $768,000 after buying an additional 3,615 shares during the period. Virtu Financial LLC boosted its holdings in First Trust Indxx Global Agriculture ETF by 8.1% in the 3rd quarter. Virtu Financial LLC now owns 13,365 shares of the company’s stock worth $345,000 after buying an additional 1,007 shares during the period. Finally, Jane Street Group LLC purchased a new stake in First Trust Indxx Global Agriculture ETF in the 2nd quarter worth $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.