International Assets Investment Management LLC Cuts Stock Holdings in First Trust Nasdaq Oil & Gas ETF $FTXN

International Assets Investment Management LLC cut its stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,748 shares of the company’s stock after selling 2,134 shares during the period. International Assets Investment Management LLC owned about 1.27% of First Trust Nasdaq Oil & Gas ETF worth $1,517,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its position in First Trust Nasdaq Oil & Gas ETF by 225.7% in the 1st 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. Adamsbrown Wealth Consultants LLC raised its holdings in First Trust Nasdaq Oil & Gas ETF by 11.8% in the second quarter. Adamsbrown Wealth Consultants LLC now owns 9,357 shares of the company’s stock valued at $255,000 after acquiring an additional 987 shares in the last quarter. CWM LLC raised its holdings in First Trust Nasdaq Oil & Gas ETF by 3.7% in the first quarter. CWM LLC now owns 45,387 shares of the company’s stock valued at $1,374,000 after acquiring an additional 1,604 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in First Trust Nasdaq Oil & Gas ETF by 23.2% in the first quarter. Goldman Sachs Group Inc. now owns 16,027 shares of the company’s stock worth $485,000 after acquiring an additional 3,021 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth approximately $214,000.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.3%

Shares of FTXN opened at $26.76 on Monday. The firm has a market capitalization of $109.72 million, a price-to-earnings ratio of 11.81 and a beta of 1.44. The firm’s fifty day simple moving average is $28.11 and its 200-day simple moving average is $27.36. First Trust Nasdaq Oil & Gas ETF has a twelve month low of $23.43 and a twelve month high of $32.50.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.178 per share. This represents a $0.71 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 25th.

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.