Cetera Investment Advisers Sells 11,575 Shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Cetera Investment Advisers decreased its holdings in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,118 shares of the company’s stock after selling 11,575 shares during the quarter. Cetera Investment Advisers owned approximately 2.52% of First Trust Nasdaq Oil & Gas ETF worth $3,698,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its position in First Trust Nasdaq Oil & Gas ETF by 225.7% during the first quarter. Golden State Wealth Management LLC now owns 912 shares of the company’s stock valued at $28,000 after acquiring an additional 632 shares during the last quarter. NBC Securities Inc. boosted its position in First Trust Nasdaq Oil & Gas ETF by 29,916.7% during the first quarter. NBC Securities Inc. now owns 1,801 shares of the company’s stock valued at $54,000 after acquiring an additional 1,795 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at $132,000. Huntington National Bank bought a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at $125,000. Finally, Vivaldi Capital Management LP bought a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at $242,000.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.0%

Shares of FTXN opened at $27.40 on Tuesday. The stock has a market capitalization of $119.19 million, a P/E ratio of 11.81 and a beta of 1.44. The firm’s fifty day simple moving average is $27.69 and its two-hundred day simple moving average is $27.99. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $23.43 and a 12 month high of $32.50.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a dividend of $0.2208 per share. This is a boost from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.2%.

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.