Gateway Wealth Partners LLC Has $446,000 Position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Gateway Wealth Partners LLC raised its stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 11.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,459 shares of the company’s stock after purchasing an additional 1,531 shares during the period. Gateway Wealth Partners LLC owned 0.22% of First Trust Nasdaq Oil & Gas ETF worth $446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Total Clarity Wealth Management Inc. grew its stake in shares of First Trust Nasdaq Oil & Gas ETF by 39.7% in the second quarter. Total Clarity Wealth Management Inc. now owns 26,756 shares of the company’s stock valued at $826,000 after acquiring an additional 7,609 shares in the last quarter. Stevard LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF during the second quarter worth about $363,000. Commonwealth Equity Services LLC grew its stake in First Trust Nasdaq Oil & Gas ETF by 5.2% during the second quarter. Commonwealth Equity Services LLC now owns 167,516 shares of the company’s stock worth $5,170,000 after buying an additional 8,234 shares in the last quarter. Clarus Wealth Advisors grew its stake in First Trust Nasdaq Oil & Gas ETF by 45.5% during the second quarter. Clarus Wealth Advisors now owns 16,462 shares of the company’s stock worth $498,000 after buying an additional 5,149 shares in the last quarter. Finally, CWM LLC grew its stake in First Trust Nasdaq Oil & Gas ETF by 2.9% during the second quarter. CWM LLC now owns 45,955 shares of the company’s stock worth $1,418,000 after buying an additional 1,278 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Stock Up 0.4 %

Shares of First Trust Nasdaq Oil & Gas ETF stock opened at $28.95 on Tuesday. The company has a market capitalization of $188.18 million, a price-to-earnings ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 12-month low of $26.60 and a 12-month high of $33.72. The firm’s 50-day moving average price is $29.80 and its two-hundred day moving average price is $30.85.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.203 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.81 dividend on an annualized basis and a yield of 2.80%.

First Trust Nasdaq Oil & Gas ETF Company Profile

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.