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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) shares reached a new 52-week high during 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 firm’s 50 day simple moving average is $40.39 and its 200-day simple moving average is $37.56. The stock has a market capitalization of $1.22 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 announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.2445 per share. This is an increase 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. This represents a $0.98 annualized dividend and a dividend yield of 2.3%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. grew its stake in shares of 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 valued at $2,515,000 after buying an additional 16,211 shares during the period. Citadel Advisors LLC lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 405.7% in the second 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. Kestra Advisory Services LLC raised its position in First Trust Nasdaq Oil & Gas ETF by 8.7% in the 1st quarter. Kestra Advisory Services LLC now owns 25,369 shares of the company’s stock valued at $979,000 after buying an additional 2,030 shares during the last quarter. Tudor Financial Inc. bought a new stake in First Trust Nasdaq Oil & Gas ETF in the 2nd quarter worth about $860,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of 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 valued at $748,000 after acquiring an additional 7,668 shares in the last quarter.

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.