Envestnet Asset Management Inc. Has $2.35 Million Stake in First Trust Nasdaq Oil & Gas ETF $FTXN

Envestnet Asset Management Inc. decreased its stake in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,186 shares of the company’s stock after selling 5,813 shares during the period. Envestnet Asset Management Inc. owned 1.98% of First Trust Nasdaq Oil & Gas ETF worth $2,345,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC lifted its holdings in First Trust Nasdaq Oil & Gas ETF by 11.8% in the second quarter. Adamsbrown Wealth Consultants LLC now owns 9,357 shares of the company’s stock valued at $255,000 after buying an additional 987 shares during the period. CWM LLC boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 3.7% during the 1st quarter. CWM LLC now owns 45,387 shares of the company’s stock valued at $1,374,000 after purchasing an additional 1,604 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in 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 during the period. HB Wealth Management LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF during the second quarter worth approximately $214,000. Finally, Flow Traders U.S. LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF in the first quarter worth approximately $501,000.

First Trust Nasdaq Oil & Gas ETF Stock Performance

First Trust Nasdaq Oil & Gas ETF stock opened at $28.21 on Tuesday. The stock has a market capitalization of $110.02 million, a price-to-earnings ratio of 11.81 and a beta of 0.76. First Trust Nasdaq Oil & Gas ETF has a 52-week low of $23.43 and a 52-week high of $32.50. The stock’s 50 day moving average price is $27.93 and its two-hundred day moving average price is $27.68.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.178 dividend. This represents a $0.71 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Thursday, September 25th.

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.