MinichMacGregor Wealth Management LLC Acquires 17,948 Shares of First Trust Nasdaq Oil & Gas ETF $FTXN

MinichMacGregor Wealth Management LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 17,948 shares of the company’s stock, valued at approximately $682,000.

A number of other hedge funds have also recently modified their holdings of the business. Citadel Advisors LLC grew its position in shares of First Trust Nasdaq Oil & Gas ETF by 405.7% in the 2nd quarter. Citadel Advisors LLC now owns 63,049 shares of the company’s stock worth $2,108,000 after buying an additional 50,582 shares during the period. Tudor Financial Inc. bought a new position in shares of First Trust Nasdaq Oil & Gas ETF in the 2nd quarter worth about $860,000. NewEdge Advisors LLC boosted its stake in First Trust Nasdaq Oil & Gas ETF by 785.2% during the second quarter. NewEdge Advisors LLC now owns 18,500 shares of the company’s stock worth $618,000 after acquiring an additional 16,410 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust Nasdaq Oil & Gas ETF by 27.5% during the second quarter. Envestnet Asset Management Inc. now owns 75,224 shares of the company’s stock worth $2,515,000 after acquiring an additional 16,211 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in First Trust Nasdaq Oil & Gas ETF by 65.5% in the first quarter. Janney Montgomery Scott LLC now owns 19,367 shares of the company’s stock worth $748,000 after purchasing an additional 7,668 shares during the period.

First Trust Nasdaq Oil & Gas ETF Trading Down 0.1%

FTXN traded down $0.05 during midday trading on Wednesday, reaching $42.06. The company’s stock had a trading volume of 75,249 shares, compared to its average volume of 681,996. First Trust Nasdaq Oil & Gas ETF has a 1 year low of $26.46 and a 1 year high of $42.42. The stock’s 50-day moving average is $39.66 and its 200-day moving average is $37.35. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 11.81 and a beta of 0.58.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

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

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.