Avantax Advisory Services Inc. Sells 486 Shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Avantax Advisory Services Inc. lessened its stake in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,524 shares of the company’s stock after selling 486 shares during the period. Avantax Advisory Services Inc. owned 0.30% of First Trust Nasdaq Oil & Gas ETF worth $440,000 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 stock. Golden State Wealth Management LLC raised its stake in 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 valued at $28,000 after purchasing an additional 632 shares in the last quarter. NBC Securities Inc. grew its stake 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 worth $54,000 after buying an additional 1,795 shares in the last quarter. EP Wealth Advisors LLC bought a new position in First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at about $132,000. Vivaldi Capital Management LP acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at approximately $242,000. Finally, Quantinno Capital Management LP lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 29.6% during the 4th quarter. Quantinno Capital Management LP now owns 19,505 shares of the company’s stock worth $561,000 after acquiring an additional 4,459 shares during the period.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of NASDAQ:FTXN opened at $27.16 on Thursday. First Trust Nasdaq Oil & Gas ETF has a 1 year low of $23.43 and a 1 year high of $32.50. The stock has a market capitalization of $118.15 million, a price-to-earnings ratio of 11.81 and a beta of 1.44. The company’s 50 day simple moving average is $27.72 and its 200 day simple moving average is $27.98.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The firm also recently declared 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 an increase 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 3.3%.

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.