MinichMacGregor Wealth Management LLC Makes New $682,000 Investment in First Trust Nasdaq Oil & Gas ETF $FTXN

MinichMacGregor Wealth Management LLC purchased a new stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 17,948 shares of the company’s stock, valued at approximately $682,000. MinichMacGregor Wealth Management LLC owned approximately 0.07% of First Trust Nasdaq Oil & Gas ETF as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in First Trust Nasdaq Oil & Gas ETF by 27.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 75,224 shares of the company’s stock worth $2,515,000 after purchasing an additional 16,211 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of First Trust Nasdaq Oil & Gas ETF by 405.7% during the 2nd quarter. Citadel Advisors LLC now owns 63,049 shares of the company’s stock valued at $2,108,000 after purchasing an additional 50,582 shares in the last quarter. Tudor Financial Inc. purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF during the second quarter valued at about $860,000. Kestra Advisory Services LLC raised its stake in First Trust Nasdaq Oil & Gas ETF by 8.7% in the first quarter. Kestra Advisory Services LLC now owns 25,369 shares of the company’s stock worth $979,000 after buying an additional 2,030 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake 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 buying an additional 7,668 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Price Performance

FTXN traded down $0.05 on Wednesday, hitting $42.06. The company had a trading volume of 75,249 shares, compared to its average volume of 681,996. First Trust Nasdaq Oil & Gas ETF has a 52-week low of $26.46 and a 52-week high of $42.42. The stock has a fifty day simple moving average of $39.66 and a 200-day simple moving average of $37.35. The firm has a market capitalization of $1.15 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 announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.2445 per share. This is a positive change from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.1168. The ex-dividend date was Thursday, September 24th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.3%.

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.