NewEdge Advisors LLC Has $981,000 Stock Position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

NewEdge Advisors LLC lessened its stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 20.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,793 shares of the company’s stock after selling 8,050 shares during the quarter. NewEdge Advisors LLC owned approximately 0.49% of First Trust Nasdaq Oil & Gas ETF worth $981,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FTXN. Cetera Advisors LLC lifted its stake in First Trust Nasdaq Oil & Gas ETF by 67.6% in the first quarter. Cetera Advisors LLC now owns 52,737 shares of the company’s stock valued at $1,703,000 after acquiring an additional 21,272 shares during the last quarter. Cetera Investment Advisers grew its holdings in First Trust Nasdaq Oil & Gas ETF by 182.4% during the first quarter. Cetera Investment Advisers now owns 119,419 shares of the company’s stock worth $3,857,000 after purchasing an additional 77,133 shares during the period. B. Riley Wealth Advisors Inc. acquired a new position in First Trust Nasdaq Oil & Gas ETF during the first quarter worth approximately $203,000. International Assets Investment Management LLC raised its stake in First Trust Nasdaq Oil & Gas ETF by 2.7% in the first quarter. International Assets Investment Management LLC now owns 62,350 shares of the company’s stock valued at $2,030,000 after buying an additional 1,641 shares during the period. Finally, Iams Wealth Management LLC lifted its position in shares of First Trust Nasdaq Oil & Gas ETF by 15.6% in the first quarter. Iams Wealth Management LLC now owns 24,507 shares of the company’s stock valued at $791,000 after buying an additional 3,310 shares during the last quarter.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.4 %

Shares of NASDAQ FTXN opened at $31.10 on Tuesday. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $26.60 and a 12 month high of $33.72. The stock has a 50 day moving average of $29.78 and a 200-day moving average of $30.82. The company has a market capitalization of $183.49 million, a P/E ratio of 6.47 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.203 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.81 annualized dividend and a dividend yield of 2.61%.

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.