Royal Bank of Canada Sells 13,666 Shares of First Trust Nasdaq Oil & Gas ETF $FTXN

Royal Bank of Canada decreased its stake in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 38.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 21,798 shares of the company’s stock after selling 13,666 shares during the period. Royal Bank of Canada’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $841,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new position in First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth approximately $27,000. Parallel Advisors LLC bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth approximately $35,000. NBC Securities Inc. boosted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 20.3% during the fourth quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock worth $62,000 after acquiring an additional 376 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 2,540.0% during the first quarter. Geneos Wealth Management Inc. now owns 2,640 shares of the company’s stock worth $102,000 after acquiring an additional 2,540 shares during the period.

First Trust Nasdaq Oil & Gas ETF Trading Down 0.3%

First Trust Nasdaq Oil & Gas ETF stock opened at $40.24 on Friday. The company has a market capitalization of $175.04 million, a price-to-earnings ratio of 11.81 and a beta of 0.47. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $26.46 and a 12 month high of $40.86. The stock’s 50 day moving average is $36.10 and its 200-day moving average is $35.94.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1168 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.47 annualized dividend and a yield of 1.2%.

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.