Envestnet Asset Management Inc. Cuts Position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Envestnet Asset Management Inc. lessened its holdings in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN – Get Rating) by 1.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 136,030 shares of the company’s stock after selling 1,320 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $3,803,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FTXN. Cyndeo Wealth Partners LLC purchased a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth approximately $7,550,000. Regal Investment Advisors LLC grew its stake in First Trust Nasdaq Oil & Gas ETF by 10.3% in the 3rd quarter. Regal Investment Advisors LLC now owns 31,184 shares of the company’s stock valued at $766,000 after acquiring an additional 2,915 shares during the period. Paragon Private Wealth Management LLC boosted its holdings in First Trust Nasdaq Oil & Gas ETF by 2.4% in the 3rd quarter. Paragon Private Wealth Management LLC now owns 110,222 shares of the company’s stock worth $3,239,000 after buying an additional 2,563 shares during the last quarter. O Dell Group LLC boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 5.0% during the 3rd quarter. O Dell Group LLC now owns 702,219 shares of the company’s stock valued at $17,239,000 after acquiring an additional 33,576 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 4.3% in the third quarter. First Trust Advisors LP now owns 23,400,223 shares of the company’s stock valued at $574,475,000 after purchasing an additional 964,997 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.9 %

Shares of NASDAQ FTXN opened at $25.54 on Tuesday. First Trust Nasdaq Oil & Gas ETF has a twelve month low of $21.19 and a twelve month high of $31.87. The stock has a 50 day moving average of $27.14 and a two-hundred day moving average of $27.26. The stock has a market cap of $277.11 million, a P/E ratio of 6.90 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Monday, March 27th were paid a $0.153 dividend. The ex-dividend date of this dividend was Friday, March 24th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 2.40%.

First Trust Nasdaq Oil & Gas ETF Profile

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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.