Envestnet Asset Management Inc. Reduces Stock Holdings in First Trust Nasdaq Oil & Gas ETF $FTXN

Envestnet Asset Management Inc. lessened its stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 18.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,935 shares of the company’s stock after selling 16,251 shares during the quarter. Envestnet Asset Management Inc. owned about 1.79% of First Trust Nasdaq Oil & Gas ETF worth $1,990,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FTXN. Osaic Holdings Inc. lifted its position in shares of First Trust Nasdaq Oil & Gas ETF by 155.0% during the second quarter. Osaic Holdings Inc. now owns 245,169 shares of the company’s stock worth $6,677,000 after purchasing an additional 149,042 shares in the last quarter. Royal Bank of Canada lifted its holdings in First Trust Nasdaq Oil & Gas ETF by 563.3% in 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 in the last quarter. Sigma Planning Corp purchased a new position in First Trust Nasdaq Oil & Gas ETF in the 2nd quarter valued at about $556,000. Cetera Investment Advisers grew its stake in shares of First Trust Nasdaq Oil & Gas ETF by 6.6% during the second quarter. Cetera Investment Advisers now owns 130,120 shares of the company’s stock valued at $3,541,000 after acquiring an additional 8,002 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of First Trust Nasdaq Oil & Gas ETF by 19.0% during the second 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 in the last quarter.

First Trust Nasdaq Oil & Gas ETF Stock Performance

NASDAQ:FTXN opened at $34.61 on Friday. The stock has a market cap of $119.40 million, a price-to-earnings ratio of 11.81 and a beta of 0.76. First Trust Nasdaq Oil & Gas ETF has a one year low of $23.43 and a one year high of $34.66. The business’s 50-day simple moving average is $30.67 and its 200 day simple moving average is $28.98.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.18.

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.