PNC Financial Services Group Inc. Buys New Holdings in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

PNC Financial Services Group Inc. purchased a new position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,171 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds also recently made changes to their positions in the company. Truist Financial Corp raised its stake in First Trust Nasdaq Oil & Gas ETF by 2.9% during the fourth quarter. Truist Financial Corp now owns 128,425 shares of the company’s stock valued at $3,692,000 after purchasing an additional 3,578 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at approximately $3,655,000. Stifel Financial Corp grew 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 acquiring an additional 1,215 shares during the last quarter. Total Clarity Wealth Management Inc. grew its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 49.3% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 43,120 shares of the company’s stock worth $1,240,000 after purchasing an additional 14,235 shares during the last quarter. Finally, Sigma Planning Corp bought a new position in First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth about $1,152,000.

First Trust Nasdaq Oil & Gas ETF Stock Down 1.7 %

FTXN opened at $30.12 on Friday. The company has a market capitalization of $164.15 million, a P/E ratio of 12.12 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $27.24 and a 52 week high of $33.72. The stock’s fifty day moving average is $29.76 and its two-hundred day moving average is $29.84.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.1747 per share. This represents a $0.70 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, March 27th.

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.