Harbour Investments Inc. Sells 623 Shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Harbour Investments Inc. cut its holdings in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 7.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,715 shares of the company’s stock after selling 623 shares during the period. Harbour Investments Inc.’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Avantax Advisory Services Inc. raised its holdings in First Trust Nasdaq Oil & Gas ETF by 2.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 15,010 shares of the company’s stock valued at $432,000 after acquiring an additional 353 shares during the period. Independent Advisor Alliance bought a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at about $562,000. PNC Financial Services Group Inc. bought a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at about $34,000. Raymond James Financial Inc. bought a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at about $3,655,000. Finally, Marshall Investment Management LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at about $1,036,000.

First Trust Nasdaq Oil & Gas ETF Trading Down 1.1 %

Shares of FTXN stock opened at $29.86 on Friday. First Trust Nasdaq Oil & Gas ETF has a 12-month low of $27.24 and a 12-month high of $33.72. The stock’s 50-day moving average price is $29.81 and its 200-day moving average price is $29.81. The stock has a market capitalization of $155.27 million, a price-to-earnings ratio of 12.12 and a beta of 1.24.

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.