WCG Wealth Advisors LLC purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN – Free Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 71,703 shares of the company’s stock, valued at approximately $2,002,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised 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 raised 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. raised 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. Bank Julius Baer & Co. Ltd Zurich acquired a new position in First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth approximately $471,000. Finally, Mariner LLC acquired a new position in First Trust Nasdaq Oil & Gas ETF during the 3rd quarter worth approximately $340,000.
First Trust Nasdaq Oil & Gas ETF Stock Performance
FTXN stock opened at $36.05 on Friday. The stock’s 50 day simple moving average is $36.71 and its 200 day simple moving average is $33.09. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $26.46 and a fifty-two week high of $40.13. The company has a market cap of $149.61 million, a P/E ratio of 11.81 and a beta of 0.46.
First Trust Nasdaq Oil & Gas ETF Cuts Dividend
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.
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