International Assets Investment Management LLC Sells 4,105,652 Shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

International Assets Investment Management LLC cut its position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 98.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 58,049 shares of the company’s stock after selling 4,105,652 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 2.1% in the third quarter. Stifel Financial Corp now owns 58,725 shares of the company’s stock valued at $1,700,000 after acquiring an additional 1,215 shares during the period. Gateway Wealth Partners LLC raised its stake in First Trust Nasdaq Oil & Gas ETF by 11.8% in the 2nd quarter. Gateway Wealth Partners LLC now owns 14,459 shares of the company’s stock worth $446,000 after purchasing an additional 1,531 shares in the last quarter. MML Investors Services LLC boosted its holdings 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 valued at $312,000 after purchasing an additional 378 shares during the period. Clarus Wealth Advisors boosted its holdings in First Trust Nasdaq Oil & Gas ETF by 4.9% in the 3rd quarter. Clarus Wealth Advisors now owns 17,268 shares of the company’s stock valued at $537,000 after purchasing an additional 806 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of First Trust Nasdaq Oil & Gas ETF by 15.4% during the 3rd quarter. Quantinno Capital Management LP now owns 15,046 shares of the company’s stock worth $436,000 after purchasing an additional 2,011 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.4 %

NASDAQ FTXN opened at $29.69 on Thursday. The company has a market cap of $161.81 million, a price-to-earnings ratio of 6.47 and a beta of 1.44. The company has a 50 day moving average of $30.02 and a 200-day moving average of $30.07. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $26.60 and a 1-year high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued 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.