First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Reaches New 52-Week High – Here’s Why

Shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) reached a new 52-week high during trading on Monday. The stock traded as high as $42.47 and last traded at $42.52, with a volume of 28,797 shares. The stock had previously closed at $42.46.

First Trust Nasdaq Oil & Gas ETF Stock Performance

The business’s fifty day moving average is $40.17 and its two-hundred day moving average is $37.46. The company has a market cap of $1.18 billion, a P/E ratio of 11.81 and a beta of 0.58.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.2445 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.98 dividend on an annualized basis and a yield of 2.3%. This is an increase from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.1168.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in First Trust Nasdaq Oil & Gas ETF in the second quarter worth approximately $32,000. MCF Advisors LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth $46,000. Geneos Wealth Management Inc. raised its position in First Trust Nasdaq Oil & Gas ETF by 2,540.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,640 shares of the company’s stock valued at $102,000 after purchasing an additional 2,540 shares in the last quarter. LexAurum Advisors LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF during the 3rd quarter valued at $228,000. Finally, Kestra Private Wealth Services LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF during the 1st quarter valued at $236,000.

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.