Raymond James Financial Inc. Makes New $3.66 Million Investment in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Raymond James Financial Inc. purchased a new stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) during the 4th quarter, Holdings Channel reports. The firm purchased 127,117 shares of the company’s stock, valued at approximately $3,655,000.

A number of other hedge funds have also modified their holdings of the business. Truist Financial Corp lifted its stake in First Trust Nasdaq Oil & Gas ETF by 2.9% in the 4th quarter. Truist Financial Corp now owns 128,425 shares of the company’s stock valued at $3,692,000 after buying an additional 3,578 shares in the last quarter. Stifel Financial Corp lifted 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 in the last quarter. Total Clarity Wealth Management Inc. lifted its position 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 valued at $1,240,000 after acquiring an additional 14,235 shares in the last quarter. Sigma Planning Corp acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at $1,152,000. Finally, Marshall Investment Management LLC purchased a new stake in First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth about $1,036,000.

First Trust Nasdaq Oil & Gas ETF Trading Down 1.7 %

NASDAQ:FTXN opened at $30.12 on Friday. First Trust Nasdaq Oil & Gas ETF has a 12-month low of $27.24 and a 12-month high of $33.72. The firm has a market cap of $164.15 million, a price-to-earnings ratio of 12.12 and a beta of 1.44. The company’s 50-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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.1747 per share. This represents a $0.70 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, March 27th.

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.