Truist Financial Corp Has $3.46 Million Holdings in First Trust Nasdaq Oil & Gas ETF $FTXN

Truist Financial Corp lessened its position in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 12.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,545 shares of the company’s stock after selling 17,867 shares during the period. Truist Financial Corp’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $3,459,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Osaic Holdings Inc. boosted 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 buying an additional 149,042 shares during the period. Centaurus Financial Inc. raised its position in First Trust Nasdaq Oil & Gas ETF by 6.9% in the 2nd quarter. Centaurus Financial Inc. now owns 10,310 shares of the company’s stock valued at $281,000 after buying an additional 669 shares during the last quarter. Quantinno Capital Management LP lifted its stake 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 in the last quarter. Cetera Investment Advisers boosted its position in First Trust Nasdaq Oil & Gas ETF by 6.6% during the 2nd quarter. Cetera Investment Advisers now owns 130,120 shares of the company’s stock worth $3,541,000 after acquiring an additional 8,002 shares during the last quarter. Finally, Sigma Planning Corp bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth approximately $556,000.

First Trust Nasdaq Oil & Gas ETF Trading Down 1.4%

Shares of FTXN opened at $31.93 on Friday. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $23.43 and a 12 month high of $32.44. The firm has a fifty day simple moving average of $29.04 and a 200 day simple moving average of $28.32. The stock has a market capitalization of $110.16 million, a price-to-earnings ratio of 11.81 and a beta of 0.76.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.218 dividend. This represents a $0.87 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, December 12th. This is a boost 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.