First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Shares Bought by Iams Wealth Management LLC

Iams Wealth Management LLC lifted its position in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 15.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,507 shares of the company’s stock after buying an additional 3,310 shares during the period. Iams Wealth Management LLC’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in FTXN. Anchor Investment Management LLC bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $31,000. ICA Group Wealth Management LLC bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $41,000. Principal Securities Inc. bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $95,000. Global Retirement Partners LLC lifted its position in shares of First Trust Nasdaq Oil & Gas ETF by 19.6% during the fourth quarter. Global Retirement Partners LLC now owns 5,764 shares of the company’s stock worth $156,000 after purchasing an additional 943 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the third quarter worth about $203,000.

First Trust Nasdaq Oil & Gas ETF Stock Performance

Shares of FTXN stock traded up $0.09 during trading hours on Tuesday, hitting $30.90. 17,956 shares of the company were exchanged, compared to its average volume of 59,543. The stock has a market capitalization of $213.21 million, a price-to-earnings ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a one year low of $25.42 and a one year high of $33.72. The business’s 50-day simple moving average is $31.07 and its two-hundred day simple moving average is $30.15.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.2021 dividend. The ex-dividend date was Thursday, June 27th. This is a positive change from First Trust Nasdaq Oil & Gas ETF’s previous dividend of $0.14.

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.