HFG Advisors Inc. Reduces Position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

HFG Advisors Inc. trimmed its position in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 14.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,735 shares of the company’s stock after selling 1,620 shares during the quarter. HFG Advisors Inc. owned 0.18% of First Trust Nasdaq Oil & Gas ETF worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 7,106.9% during the third quarter. International Assets Investment Management LLC now owns 4,163,701 shares of the company’s stock valued at $127,214,000 after acquiring an additional 4,105,927 shares in the last quarter. Truist Financial Corp raised its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 176.5% during the second quarter. Truist Financial Corp now owns 101,178 shares of the company’s stock valued at $3,122,000 after acquiring an additional 64,583 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 2.1% during the third quarter. Stifel Financial Corp now owns 58,725 shares of the company’s stock valued at $1,700,000 after acquiring an additional 1,215 shares in the last quarter. Total Clarity Wealth Management Inc. raised its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 49.3% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 43,120 shares of the company’s stock valued at $1,240,000 after acquiring an additional 14,235 shares in the last quarter. Finally, Clarus Wealth Advisors raised its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 4.9% during the third quarter. Clarus Wealth Advisors now owns 17,268 shares of the company’s stock valued at $537,000 after acquiring an additional 806 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Stock Down 2.7 %

Shares of First Trust Nasdaq Oil & Gas ETF stock opened at $29.34 on Monday. The company has a market cap of $159.90 million, a PE ratio of 6.47 and a beta of 1.44. The business has a 50 day moving average of $29.96 and a 200 day moving average of $30.04. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $27.46 and a 52 week high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.1768 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.