Jaffetilchin Investment Partners LLC Invests $481,000 in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Jaffetilchin Investment Partners LLC acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) in the 1st quarter, HoldingsChannel reports. The fund acquired 14,887 shares of the company’s stock, valued at approximately $481,000.

Other institutional investors also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. increased its holdings in First Trust Nasdaq Oil & Gas ETF by 7.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 53,066 shares of the company’s stock valued at $1,502,000 after purchasing an additional 3,654 shares in the last quarter. Quantum Private Wealth LLC raised its position in First Trust Nasdaq Oil & Gas ETF by 22.0% during the fourth quarter. Quantum Private Wealth LLC now owns 45,186 shares of the company’s stock valued at $1,279,000 after buying an additional 8,147 shares during the period. Wells Fargo & Company MN grew its position in First Trust Nasdaq Oil & Gas ETF by 14.2% in the fourth quarter. Wells Fargo & Company MN now owns 333,127 shares of the company’s stock worth $9,427,000 after acquiring an additional 41,381 shares in the last quarter. Private Advisor Group LLC boosted its holdings in First Trust Nasdaq Oil & Gas ETF by 8.8% during the fourth quarter. Private Advisor Group LLC now owns 64,165 shares of the company’s stock valued at $1,816,000 after acquiring an additional 5,181 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of First Trust Nasdaq Oil & Gas ETF by 1,550.7% in the 4th quarter. International Assets Investment Management LLC now owns 1,717,954 shares of the company’s stock worth $48,615,000 after acquiring an additional 1,613,882 shares during the period.

First Trust Nasdaq Oil & Gas ETF Trading Down 2.5 %

Shares of FTXN traded down $0.77 during mid-day trading on Thursday, hitting $30.50. 49,022 shares of the company traded hands, compared to its average volume of 57,389. The stock has a market capitalization of $202.83 million, a price-to-earnings ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a one year low of $26.60 and a one year high of $33.72. The business has a 50-day moving average of $30.70 and a 200 day moving average of $30.52.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a $0.2021 dividend. The ex-dividend date was Thursday, June 27th. This is a positive change from First Trust Nasdaq Oil & Gas ETF’s previous dividend of $0.14.

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.