EP Wealth Advisors LLC Takes $132,000 Position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

EP Wealth Advisors LLC purchased a new stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 4,577 shares of the company’s stock, valued at approximately $132,000.

Several other hedge funds and other institutional investors have also modified their holdings of FTXN. Avantax Advisory Services Inc. lifted its position in First Trust Nasdaq Oil & Gas ETF by 2.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 15,010 shares of the company’s stock valued at $432,000 after purchasing an additional 353 shares during the last quarter. Adamsbrown Wealth Consultants LLC raised its position in shares of First Trust Nasdaq Oil & Gas ETF by 11.6% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 8,322 shares of the company’s stock worth $239,000 after buying an additional 866 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth about $34,000. Y.D. More Investments Ltd raised its position in shares of First Trust Nasdaq Oil & Gas ETF by 10.7% during the 4th quarter. Y.D. More Investments Ltd now owns 15,500 shares of the company’s stock worth $446,000 after buying an additional 1,500 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of First Trust Nasdaq Oil & Gas ETF by 108.1% during the 4th quarter. Global Retirement Partners LLC now owns 2,895 shares of the company’s stock worth $83,000 after buying an additional 1,504 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Trading Down 0.4%

FTXN stock opened at $27.42 on Friday. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $23.43 and a 52 week high of $32.50. The company has a market capitalization of $132.99 million, a price-to-earnings ratio of 10.93 and a beta of 1.44. The firm’s 50-day moving average is $27.21 and its two-hundred day moving average is $29.02.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.1747 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.55%.

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.