First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Reaches New 12-Month High – Time to Buy?

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)’s stock price reached a new 52-week high during trading on Tuesday. The stock traded as high as $42.00 and last traded at $41.9610, with a volume of 112,370 shares trading hands. The stock had previously closed at $41.12.

First Trust Nasdaq Oil & Gas ETF Stock Performance

The company has a market cap of $1.16 billion, a PE ratio of 11.81 and a beta of 0.58. The stock’s 50-day simple moving average is $39.79 and its 200 day simple moving average is $37.37.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.2445 per share. This represents a $0.98 annualized dividend and a yield of 2.4%. This is a boost from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.1168. The ex-dividend date was Thursday, September 24th.

Institutional Investors Weigh In On First Trust Nasdaq Oil & Gas ETF

A number of large investors have recently added to or reduced their stakes in FTXN. Integrated Wealth Concepts LLC acquired a new position in First Trust Nasdaq Oil & Gas ETF in the 2nd quarter worth approximately $32,000. MCF Advisors LLC bought a new position in First Trust Nasdaq Oil & Gas ETF in the 2nd quarter worth $46,000. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 2,540.0% during the first quarter. Geneos Wealth Management Inc. now owns 2,640 shares of the company’s stock worth $102,000 after buying an additional 2,540 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF during the first quarter valued at about $236,000. Finally, Parallel Advisors LLC increased its stake in First Trust Nasdaq Oil & Gas ETF by 418.5% in the first quarter. Parallel Advisors LLC now owns 6,538 shares of the company’s stock valued at $252,000 after acquiring an additional 5,277 shares during the period.

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.