First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.35 and traded as high as $30.98. First Trust Nasdaq Oil & Gas ETF shares last traded at $30.78, with a volume of 13,050 shares.

First Trust Nasdaq Oil & Gas ETF Stock Down 2.0 %

The business’s fifty day moving average price is $30.53 and its 200 day moving average price is $30.34. The firm has a market capitalization of $172.00 million, a PE ratio of 6.47 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.203 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.81 annualized dividend and a yield of 2.69%.

Institutional Investors Weigh In On First Trust Nasdaq Oil & Gas ETF

Several hedge funds have recently made changes to their positions in FTXN. Adamsbrown Wealth Consultants LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF during the third quarter worth about $216,000. Centaurus Financial Inc. lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 6.2% during the 3rd quarter. Centaurus Financial Inc. now owns 8,575 shares of the company’s stock worth $248,000 after acquiring an additional 504 shares during the period. Tudor Financial Inc. purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 3rd quarter worth about $275,000. MML Investors Services LLC boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 3.6% in the third quarter. MML Investors Services LLC now owns 10,760 shares of the company’s stock worth $312,000 after acquiring an additional 378 shares during the last quarter. Finally, Stevard LLC purchased a new stake in First Trust Nasdaq Oil & Gas ETF in the second quarter valued at approximately $363,000.

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.