Secure Asset Management LLC Sells 3,363 Shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Secure Asset Management LLC lowered its holdings in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 23.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,191 shares of the company’s stock after selling 3,363 shares during the period. Secure Asset Management LLC owned approximately 0.19% of First Trust Nasdaq Oil & Gas ETF worth $324,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FTXN. B. Riley Wealth Advisors Inc. bought a new position in First Trust Nasdaq Oil & Gas ETF in the 1st quarter worth about $203,000. Adamsbrown Wealth Consultants LLC bought a new position in shares of First Trust Nasdaq Oil & Gas ETF in the third quarter valued at approximately $216,000. Stevard LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF during the second quarter valued at approximately $363,000. OneAscent Financial Services LLC increased its holdings in First Trust Nasdaq Oil & Gas ETF by 22.0% during the 1st quarter. OneAscent Financial Services LLC now owns 12,784 shares of the company’s stock worth $413,000 after acquiring an additional 2,309 shares during the period. Finally, Gateway Wealth Partners LLC lifted its stake in First Trust Nasdaq Oil & Gas ETF by 11.8% in the 2nd quarter. Gateway Wealth Partners LLC now owns 14,459 shares of the company’s stock worth $446,000 after purchasing an additional 1,531 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of NASDAQ:FTXN opened at $29.81 on Friday. The firm has a fifty day moving average price of $29.83 and a two-hundred day moving average price of $30.74. The company has a market cap of $175.88 million, a price-to-earnings ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a one year low of $26.60 and a one year high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.203 per share. This represents a $0.81 annualized dividend and a yield of 2.72%. The ex-dividend date was Thursday, September 26th.

First Trust Nasdaq Oil & Gas ETF Company 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.