LPL Financial LLC Increases Position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

LPL Financial LLC increased its position in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 4.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 527,343 shares of the company’s stock after purchasing an additional 20,735 shares during the period. LPL Financial LLC owned 10.87% of First Trust Nasdaq Oil & Gas ETF worth $15,968,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FTXN. Golden State Wealth Management LLC lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 225.7% in the first quarter. Golden State Wealth Management LLC now owns 912 shares of the company’s stock worth $28,000 after buying an additional 632 shares in the last quarter. NBC Securities Inc. lifted its stake in First Trust Nasdaq Oil & Gas ETF by 29,916.7% in the 1st quarter. NBC Securities Inc. now owns 1,801 shares of the company’s stock worth $54,000 after purchasing an additional 1,795 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth $132,000. Vivaldi Capital Management LP bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter valued at about $242,000. Finally, Quantinno Capital Management LP grew its position in shares of First Trust Nasdaq Oil & Gas ETF by 29.6% during the fourth quarter. Quantinno Capital Management LP now owns 19,505 shares of the company’s stock valued at $561,000 after purchasing an additional 4,459 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.1%

NASDAQ:FTXN opened at $27.44 on Wednesday. The business’s 50-day moving average is $27.71 and its 200 day 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. The company has a market capitalization of $119.36 million, a P/E ratio of 11.81 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The company 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 is a positive change 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 annualized dividend and a dividend yield of 3.2%.

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.