Marshall Investment Management LLC Invests $1.04 Million in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Marshall Investment Management LLC bought a new position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 35,771 shares of the company’s stock, valued at approximately $1,036,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp boosted its holdings in shares of 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 worth $1,700,000 after acquiring an additional 1,215 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in First Trust Nasdaq Oil & Gas ETF by 30.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 19,713 shares of the company’s stock worth $567,000 after purchasing an additional 4,619 shares during the last quarter. MML Investors Services LLC raised its position in First Trust Nasdaq Oil & Gas ETF by 3.6% in the 3rd 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 last quarter. Geneos Wealth Management Inc. bought a new position in First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth approximately $45,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth approximately $234,000.

First Trust Nasdaq Oil & Gas ETF Price Performance

FTXN stock opened at $30.03 on Friday. The company has a 50 day moving average price of $29.70 and a 200 day moving average price of $29.99. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $27.46 and a fifty-two week high of $33.72. The stock has a market capitalization of $163.66 million, a PE ratio of 6.47 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.1768 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.