Janney Montgomery Scott LLC Reduces Holdings in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Janney Montgomery Scott LLC decreased its position in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 33.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,390 shares of the company’s stock after selling 8,670 shares during the period. Janney Montgomery Scott LLC owned about 0.20% of First Trust Nasdaq Oil & Gas ETF worth $458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FAS Wealth Partners Inc. bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 1st quarter valued at about $67,000. Arkadios Wealth Advisors grew its position in shares of First Trust Nasdaq Oil & Gas ETF by 14.1% during the 1st quarter. Arkadios Wealth Advisors now owns 8,389 shares of the company’s stock valued at $226,000 after buying an additional 1,035 shares during the last quarter. WealthBridge Capital Management LLC acquired a new position in First Trust Nasdaq Oil & Gas ETF during the 1st quarter valued at about $225,000. AlphaMark Advisors LLC boosted its stake in First Trust Nasdaq Oil & Gas ETF by 44.1% during the 1st quarter. AlphaMark Advisors LLC now owns 2,450 shares of the company’s stock valued at $66,000 after purchasing an additional 750 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in First Trust Nasdaq Oil & Gas ETF during the 2nd quarter valued at about $78,000.

First Trust Nasdaq Oil & Gas ETF Price Performance

First Trust Nasdaq Oil & Gas ETF stock opened at $28.86 on Tuesday. The firm has a 50-day moving average price of $29.86 and a two-hundred day moving average price of $27.79. The firm has a market capitalization of $258.33 million, a price-to-earnings ratio of 6.07 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 52-week low of $24.37 and a 52-week high of $31.77.

First Trust Nasdaq Oil & Gas ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 25th were paid a $0.1804 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Friday, September 22nd.

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.