SFI Advisors LLC Reduces Holdings in First Trust Nasdaq Oil & Gas ETF $FTXN

SFI Advisors LLC trimmed its stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 22.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 68,496 shares of the company’s stock after selling 20,212 shares during the period. First Trust Nasdaq Oil & Gas ETF accounts for approximately 1.2% of SFI Advisors LLC’s portfolio, making the stock its 27th biggest position. SFI Advisors LLC’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $1,912,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. purchased a new position in First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth approximately $25,000. NBC Securities Inc. grew its stake in First Trust Nasdaq Oil & Gas ETF by 20.3% during the 4th quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock worth $62,000 after buying an additional 376 shares during the last quarter. Sound Income Strategies LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth approximately $71,000. Concurrent Investment Advisors LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth approximately $227,000. Finally, Mariner LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF during the 3rd quarter worth approximately $340,000.

First Trust Nasdaq Oil & Gas ETF Stock Up 0.2%

NASDAQ:FTXN opened at $36.95 on Friday. The stock’s 50 day moving average price is $36.77 and its 200 day moving average price is $33.07. The company has a market capitalization of $153.34 million, a PE ratio of 11.81 and a beta of 0.46. First Trust Nasdaq Oil & Gas ETF has a 52-week low of $26.46 and a 52-week high of $40.13.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.1366 per share. This represents a $0.55 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, March 26th.

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.