First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Sets New 1-Year High – What’s Next?

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)’s share price hit a new 52-week high during mid-day trading on Monday. The company traded as high as $43.25 and last traded at $42.9120, with a volume of 134,204 shares traded. The stock had previously closed at $42.97.

First Trust Nasdaq Oil & Gas ETF Trading Up 1.1%

The business’s 50 day simple moving average is $40.39 and its two-hundred day simple moving average is $37.56. The firm has a market capitalization of $1.22 billion, a P/E ratio of 11.81 and a beta of 0.58.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

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

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

Several institutional investors have recently added to or reduced their stakes in FTXN. Englebert Financial Advisers LLC bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the third quarter valued at approximately $620,000. LexAurum Advisors LLC purchased a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 3rd quarter worth $228,000. MinichMacGregor Wealth Management LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the third quarter valued at approximately $682,000. Envestnet Asset Management Inc. increased its position in First Trust Nasdaq Oil & Gas ETF by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 75,224 shares of the company’s stock valued at $2,515,000 after buying an additional 16,211 shares in the last quarter. Finally, MCF Advisors LLC purchased a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the second quarter worth about $46,000.

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.