International Assets Investment Management LLC Cuts Holdings in First Trust Nasdaq Oil & Gas ETF $FTXN

International Assets Investment Management LLC decreased its position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 36.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,593 shares of the company’s stock after selling 20,155 shares during the period. International Assets Investment Management LLC owned about 1.03% of First Trust Nasdaq Oil & Gas ETF worth $994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of First Trust Nasdaq Oil & Gas ETF by 563.3% during the first quarter. Royal Bank of Canada now owns 51,066 shares of the company’s stock worth $1,546,000 after purchasing an additional 43,367 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of First Trust Nasdaq Oil & Gas ETF by 19.0% during the second quarter. Quantinno Capital Management LP now owns 23,220 shares of the company’s stock worth $632,000 after purchasing an additional 3,715 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of First Trust Nasdaq Oil & Gas ETF by 23.2% during the first quarter. Goldman Sachs Group Inc. now owns 16,027 shares of the company’s stock worth $485,000 after purchasing an additional 3,021 shares in the last quarter. Mariner LLC purchased a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the third quarter worth about $340,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $227,000.

First Trust Nasdaq Oil & Gas ETF Stock Down 0.5%

FTXN stock opened at $35.07 on Friday. The stock has a market capitalization of $145.54 million, a P/E ratio of 11.81 and a beta of 0.49. The firm has a 50-day simple moving average of $36.45 and a 200-day simple moving average of $31.79. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $25.81 and a 52 week high of $40.13.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.1366 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.6%.

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.