Golden State Wealth Management LLC Has $28,000 Stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Golden State Wealth Management LLC grew its stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 225.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 912 shares of the company’s stock after purchasing an additional 632 shares during the period. Golden State Wealth Management LLC’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $28,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth about $3,655,000. PNC Financial Services Group Inc. bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth about $34,000. Independent Advisor Alliance bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth about $562,000. Avantax Advisory Services Inc. lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 2.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 15,010 shares of the company’s stock worth $432,000 after acquiring an additional 353 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 13.3% during the 4th quarter. LPL Financial LLC now owns 506,608 shares of the company’s stock worth $14,565,000 after acquiring an additional 59,471 shares during the period.

First Trust Nasdaq Oil & Gas ETF Stock Performance

NASDAQ:FTXN opened at $27.95 on Friday. The company has a 50-day moving average of $27.07 and a 200-day moving average of $28.21. The company has a market capitalization of $124.38 million, a price-to-earnings ratio of 11.81 and a beta of 0.80. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $23.43 and a 52 week high of $32.50.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.2208 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.17. The ex-dividend date was Thursday, June 26th.

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.