International Assets Investment Management LLC Cuts Stake in First Trust Nasdaq Oil & Gas ETF $FTXN

International Assets Investment Management LLC lowered its stake in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 36.2% in the fourth quarter, Holdings Channel reports. The firm owned 35,593 shares of the company’s stock after selling 20,155 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FTXN. Royal Bank of Canada increased its stake in shares of First Trust Nasdaq Oil & Gas ETF by 563.3% during the first quarter. Royal Bank of Canada now owns 51,066 shares of the company’s stock worth $1,546,000 after purchasing an additional 43,367 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in First Trust Nasdaq Oil & Gas ETF by 23.2% during 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 in the last quarter. Quantinno Capital Management LP raised its holdings in First Trust Nasdaq Oil & Gas ETF by 19.0% in the 2nd quarter. Quantinno Capital Management LP now owns 23,220 shares of the company’s stock valued at $632,000 after acquiring an additional 3,715 shares during the last quarter. Mariner LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF in the 3rd quarter worth approximately $340,000. Finally, Sound Income Strategies LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth approximately $71,000.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of First Trust Nasdaq Oil & Gas ETF stock opened at $35.07 on Friday. The stock has a market cap of $145.54 million, a P/E ratio of 11.81 and a beta of 0.49. The stock’s 50 day simple moving average is $36.45 and its 200-day simple moving average is $31.79. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $25.81 and a 1-year high of $40.13.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.1366 per share. This represents a $0.55 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, March 26th.

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.