Bank Julius Baer & Co. Ltd Zurich Makes New $471,000 Investment in First Trust Nasdaq Oil & Gas ETF $FTXN

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 16,864 shares of the company’s stock, valued at approximately $471,000.

Several other hedge funds have also made changes to their positions in FTXN. Royal Bank of Canada lifted its position in shares of First Trust Nasdaq Oil & Gas ETF by 563.3% during the first quarter. Royal Bank of Canada now owns 51,066 shares of the company’s stock worth $1,546,000 after purchasing an additional 43,367 shares in the last quarter. Mariner LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the third quarter worth about $340,000. Concurrent Investment Advisors LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $227,000. Quantinno Capital Management LP lifted its position in shares of First Trust Nasdaq Oil & Gas ETF by 19.0% during the second quarter. Quantinno Capital Management LP now owns 23,220 shares of the company’s stock worth $632,000 after purchasing an additional 3,715 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of First Trust Nasdaq Oil & Gas ETF by 23.2% during the first quarter. Goldman Sachs Group Inc. now owns 16,027 shares of the company’s stock worth $485,000 after purchasing an additional 3,021 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Stock Performance

Shares of FTXN opened at $37.53 on Friday. The stock has a market capitalization of $155.75 million, a PE ratio of 11.81 and a beta of 0.49. First Trust Nasdaq Oil & Gas ETF has a 1 year low of $25.81 and a 1 year high of $40.13. The company’s 50-day simple moving average is $36.64 and its 200-day simple moving average is $32.14.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1366 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.55 annualized dividend and a yield of 1.5%.

About First Trust Nasdaq Oil & Gas ETF

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.