PNC Financial Services Group Inc. Acquires Shares of 1,171 First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

PNC Financial Services Group Inc. bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,171 shares of the company’s stock, valued at approximately $34,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth about $3,655,000. Sigma Planning Corp bought a new stake in First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth approximately $1,152,000. Marshall Investment Management LLC bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter worth $1,036,000. Total Clarity Wealth Management Inc. grew its stake in shares of First Trust Nasdaq Oil & Gas ETF by 49.3% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 43,120 shares of the company’s stock valued at $1,240,000 after purchasing an additional 14,235 shares during the period. Finally, L.M. Kohn & Company purchased a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at approximately $349,000.

First Trust Nasdaq Oil & Gas ETF Price Performance

NASDAQ:FTXN opened at $30.12 on Friday. The business has a fifty day moving average price of $29.76 and a 200-day moving average price of $29.84. The firm has a market capitalization of $164.15 million, a price-to-earnings ratio of 12.12 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a one year low of $27.24 and a one year high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.1747 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Thursday, March 27th.

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.