First Trust Nasdaq Oil & Gas ETF $FTXN Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC decreased its holdings in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 12.1% in the second quarter, Holdings Channel reports. The fund owned 11,417 shares of the company’s stock after selling 1,572 shares during the period. Mutual Advisors LLC’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $319,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Golden State Wealth Management LLC raised its holdings 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 acquiring an additional 632 shares during the last quarter. Adamsbrown Wealth Consultants LLC raised its holdings in First Trust Nasdaq Oil & Gas ETF by 11.8% in the 2nd 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 during the last quarter. CWM LLC raised its holdings in First Trust Nasdaq Oil & Gas ETF by 3.7% in the 1st 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 during the last quarter. Goldman Sachs Group Inc. raised its holdings in First Trust Nasdaq Oil & Gas ETF by 23.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 16,027 shares of the company’s stock valued at $485,000 after acquiring an additional 3,021 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the 2nd quarter valued at about $214,000.

First Trust Nasdaq Oil & Gas ETF Trading Up 1.1%

FTXN stock opened at $27.06 on Tuesday. The company has a market cap of $110.95 million, a price-to-earnings ratio of 11.81 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $23.43 and a 12 month high of $32.50. The firm has a 50-day moving average of $28.11 and a two-hundred day moving average of $27.37.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.178 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.71 dividend on an annualized basis and a dividend yield of 2.6%.

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.