Quantum Private Wealth LLC Has $1.12 Million Stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Quantum Private Wealth LLC lowered its stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 15.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,990 shares of the company’s stock after selling 7,309 shares during the period. Quantum Private Wealth LLC owned 0.72% of First Trust Nasdaq Oil & Gas ETF worth $1,121,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp boosted its position in First Trust Nasdaq Oil & Gas ETF by 2.1% in the 3rd quarter. Stifel Financial Corp now owns 58,725 shares of the company’s stock valued at $1,700,000 after buying an additional 1,215 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in First Trust Nasdaq Oil & Gas ETF by 30.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 19,713 shares of the company’s stock valued at $567,000 after acquiring an additional 4,619 shares during the last quarter. MML Investors Services LLC increased its position in First Trust Nasdaq Oil & Gas ETF by 3.6% in the third quarter. MML Investors Services LLC now owns 10,760 shares of the company’s stock worth $312,000 after purchasing an additional 378 shares during the period. Geneos Wealth Management Inc. bought a new stake in First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth about $45,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in First Trust Nasdaq Oil & Gas ETF during the 4th quarter valued at about $234,000.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.7 %

Shares of NASDAQ FTXN opened at $29.88 on Friday. The firm has a market capitalization of $162.85 million, a PE ratio of 6.47 and a beta of 1.44. The firm’s 50-day moving average is $29.66 and its 200-day moving average is $29.97. First Trust Nasdaq Oil & Gas ETF has a 1 year low of $27.46 and a 1 year high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.1768 per share. The ex-dividend date was Friday, December 13th.

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.