First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Sets New 52-Week High – Here’s What Happened

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)’s stock price reached a new 52-week high during trading on Monday. The company traded as high as $42.47 and last traded at $42.52, with a volume of 28,797 shares. The stock had previously closed at $42.46.

First Trust Nasdaq Oil & Gas ETF Stock Up 0.1%

The company has a 50 day moving average of $40.01 and a 200-day moving average of $37.40. The stock has a market capitalization of $1.19 billion, a P/E ratio of 11.81 and a beta of 0.58.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.2445 per share. This is an increase from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.1168. This represents a $0.98 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

Large investors have recently added to or reduced their stakes in the business. MinichMacGregor Wealth Management LLC acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF during the third quarter valued at $682,000. Envestnet Asset Management Inc. lifted its holdings in First Trust Nasdaq Oil & Gas ETF by 27.5% in the second quarter. Envestnet Asset Management Inc. now owns 75,224 shares of the company’s stock worth $2,515,000 after purchasing an additional 16,211 shares during the period. MCF Advisors LLC bought a new position in First Trust Nasdaq Oil & Gas ETF in the 2nd quarter valued at about $46,000. Integrated Wealth Concepts LLC bought a new position in First Trust Nasdaq Oil & Gas ETF in the 2nd quarter valued at about $32,000. Finally, NewEdge Advisors LLC grew its position in First Trust Nasdaq Oil & Gas ETF by 785.2% in the 2nd quarter. NewEdge Advisors LLC now owns 18,500 shares of the company’s stock valued at $618,000 after buying an additional 16,410 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Company 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.