Raymond James Financial Inc. Takes Position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Raymond James Financial Inc. acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 127,117 shares of the company’s stock, valued at approximately $3,655,000. Raymond James Financial Inc. owned 2.33% of First Trust Nasdaq Oil & Gas ETF at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FTXN. Geneos Wealth Management Inc. purchased a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth $45,000. Global Retirement Partners LLC boosted its holdings in First Trust Nasdaq Oil & Gas ETF by 108.1% during the fourth quarter. Global Retirement Partners LLC now owns 2,895 shares of the company’s stock worth $83,000 after buying an additional 1,504 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $234,000. Adamsbrown Wealth Consultants LLC increased its holdings in First Trust Nasdaq Oil & Gas ETF by 11.6% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 8,322 shares of the company’s stock valued at $239,000 after buying an additional 866 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its position in shares of First Trust Nasdaq Oil & Gas ETF by 6.2% during the 3rd quarter. Centaurus Financial Inc. now owns 8,575 shares of the company’s stock valued at $248,000 after acquiring an additional 504 shares during the period.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of NASDAQ:FTXN opened at $30.12 on Friday. The firm has a market capitalization of $164.15 million, a price-to-earnings ratio of 12.12 and a beta of 1.44. The business’s 50 day simple moving average is $29.76 and its 200-day simple moving average is $29.84. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $27.24 and a 12 month 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 given a dividend of $0.1747 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.70 dividend on an annualized basis and a yield of 2.32%.

First Trust Nasdaq Oil & Gas ETF 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.