Mutual Advisors LLC Lowers Stake in First Trust Nasdaq Oil & Gas ETF $FTXN

Mutual Advisors LLC reduced its position in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXNFree Report) by 12.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,417 shares of the company’s stock after selling 1,572 shares during the quarter. Mutual Advisors LLC owned 0.26% of First Trust Nasdaq Oil & Gas ETF worth $319,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC boosted its stake in shares of First Trust Nasdaq Oil & Gas ETF by 225.7% during the 1st quarter. Golden State Wealth Management LLC now owns 912 shares of the company’s stock worth $28,000 after acquiring an additional 632 shares in the last quarter. HB Wealth Management LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF in the 2nd quarter valued at about $214,000. Adamsbrown Wealth Consultants LLC lifted its stake in First Trust Nasdaq Oil & Gas ETF by 11.8% in the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 9,357 shares of the company’s stock valued at $255,000 after buying an additional 987 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in First Trust Nasdaq Oil & Gas ETF by 23.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 16,027 shares of the company’s stock valued at $485,000 after buying an additional 3,021 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF in the 1st quarter valued at about $501,000.

First Trust Nasdaq Oil & Gas ETF Trading Up 1.1%

Shares of First Trust Nasdaq Oil & Gas ETF stock opened at $27.06 on Tuesday. The firm has a market capitalization of $110.95 million, a PE ratio of 11.81 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a twelve month low of $23.43 and a twelve month high of $32.50. The firm’s 50-day moving average price is $28.11 and its 200 day moving average price is $27.37.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.178 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.71 dividend on an annualized basis and a yield of 2.6%.

First Trust Nasdaq Oil & Gas ETF Profile

(Free Report)

The First Trust Nasdaq Oil & Gas ETF (FTXN) is an exchange-traded fund that is based on the NASDAQ US Smart Oil & Gas index. The fund tracks an index composed of 50 US oil and gas companies. Holdings are selected by liquidity and weighted based on volatility, value and growth factors. FTXN was launched on Sep 20, 2016 and is managed by First Trust.

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Institutional Ownership by Quarter for First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

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