Commonwealth Equity Services LLC Has $1.87 Million Holdings in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Commonwealth Equity Services LLC lessened its position in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 13.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,904 shares of the company’s stock after selling 10,015 shares during the period. Commonwealth Equity Services LLC owned approximately 1.19% of First Trust Nasdaq Oil & Gas ETF worth $1,866,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $34,000. Geneos Wealth Management Inc. bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth approximately $45,000. Global Retirement Partners LLC raised its position in shares of First Trust Nasdaq Oil & Gas ETF by 108.1% in the fourth quarter. Global Retirement Partners LLC now owns 2,895 shares of the company’s stock valued at $83,000 after buying an additional 1,504 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at approximately $234,000. Finally, Adamsbrown Wealth Consultants LLC grew its position in First Trust Nasdaq Oil & Gas ETF by 11.6% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 8,322 shares of the company’s stock worth $239,000 after buying an additional 866 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of NASDAQ FTXN opened at $29.93 on Friday. The business has a fifty day moving average price of $29.72 and a two-hundred day moving average price of $29.85. The stock has a market capitalization of $163.12 million, a PE ratio of 12.12 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $27.24 and a fifty-two week high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a $0.1747 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend 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.