SFI Advisors LLC Decreases Stake in First Trust Nasdaq Oil & Gas ETF $FTXN

SFI Advisors LLC decreased its stake in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN – Free Report) by 22.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,496 shares of the company’s stock after selling 20,212 shares during the quarter. First Trust Nasdaq Oil & Gas ETF comprises 1.2% of SFI Advisors LLC’s holdings, making the stock its 27th largest position. SFI Advisors LLC owned 1.99% of First Trust Nasdaq Oil & Gas ETF worth $1,912,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. WCG Wealth Advisors LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $2,002,000. Royal Bank of Canada increased its stake in First Trust Nasdaq Oil & Gas ETF by 563.3% during the 1st quarter. Royal Bank of Canada now owns 51,066 shares of the company’s stock worth $1,546,000 after buying an additional 43,367 shares during the period. Quantinno Capital Management LP increased its stake in First Trust Nasdaq Oil & Gas ETF by 19.0% during the 2nd quarter. Quantinno Capital Management LP now owns 23,220 shares of the company’s stock worth $632,000 after buying an additional 3,715 shares during the period. Goldman Sachs Group Inc. increased its stake in First Trust Nasdaq Oil & Gas ETF by 28.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,880 shares of the company’s stock worth $527,000 after buying an additional 4,162 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth approximately $471,000.

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First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of NASDAQ FTXN opened at $36.95 on Friday. The stock’s 50-day moving average is $36.77 and its two-hundred day moving average is $33.07. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $26.46 and a 1-year high of $40.13. The company has a market cap of $153.34 million, a price-to-earnings ratio of 11.81 and a beta of 0.46.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.1366 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.55 annualized dividend and a yield of 1.5%.

First Trust Nasdaq Oil & Gas ETF Profile

(Free Report)

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.

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