Claro Advisors LLC Decreases Stock Position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Claro Advisors LLC cut its position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN – Get Rating) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,494 shares of the company’s stock after selling 1,027 shares during the quarter. Claro Advisors LLC’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. HighTower Advisors LLC increased its stake in shares of First Trust Nasdaq Oil & Gas ETF by 0.7% in the fourth quarter. HighTower Advisors LLC now owns 94,743 shares of the company’s stock worth $2,648,000 after buying an additional 670 shares during the last quarter. Cyndeo Wealth Partners LLC acquired a new position in First Trust Nasdaq Oil & Gas ETF in the fourth quarter worth about $7,550,000. Regal Investment Advisors LLC grew its stake in First Trust Nasdaq Oil & Gas ETF by 10.3% in the third quarter. Regal Investment Advisors LLC now owns 31,184 shares of the company’s stock worth $766,000 after purchasing an additional 2,915 shares in the last quarter. First Trust Advisors LP grew its stake in First Trust Nasdaq Oil & Gas ETF by 4.3% in the third quarter. First Trust Advisors LP now owns 23,400,223 shares of the company’s stock worth $574,475,000 after purchasing an additional 964,997 shares in the last quarter. Finally, Paragon Private Wealth Management LLC grew its stake in First Trust Nasdaq Oil & Gas ETF by 4.7% in the fourth quarter. Paragon Private Wealth Management LLC now owns 115,451 shares of the company’s stock worth $3,228,000 after purchasing an additional 5,229 shares in the last quarter.

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First Trust Nasdaq Oil & Gas ETF Stock Performance

NASDAQ:FTXN opened at $26.49 on Friday. The stock has a 50-day simple moving average of $25.68 and a 200 day simple moving average of $26.59. First Trust Nasdaq Oil & Gas ETF has a one year low of $21.19 and a one year high of $31.77. The company has a market capitalization of $287.42 million, a price-to-earnings ratio of 6.90 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were paid a dividend of $0.153 per share. This represents a $0.61 annualized dividend and a yield of 2.31%. The ex-dividend date was Friday, March 24th.

First Trust Nasdaq Oil & Gas ETF Company Profile

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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.

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