Gateway Wealth Partners LLC Acquires 1,531 Shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN)

Gateway Wealth Partners LLC boosted its holdings in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 11.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,459 shares of the company’s stock after purchasing an additional 1,531 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Nasdaq Oil & Gas ETF were worth $446,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 164.6% in the first quarter. Commonwealth Equity Services LLC now owns 159,282 shares of the company’s stock valued at $5,144,000 after acquiring an additional 99,094 shares during the period. Cetera Investment Advisers increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 182.4% in the first quarter. Cetera Investment Advisers now owns 119,419 shares of the company’s stock valued at $3,857,000 after acquiring an additional 77,133 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF in the first quarter valued at about $1,459,000. Wells Fargo & Company MN increased its position in shares of 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 valued at $9,427,000 after acquiring an additional 41,381 shares during the period. Finally, Cetera Advisors LLC increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 67.6% in the first quarter. Cetera Advisors LLC now owns 52,737 shares of the company’s stock valued at $1,703,000 after acquiring an additional 21,272 shares during the period.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.4 %

FTXN stock opened at $28.95 on Tuesday. The firm’s 50-day moving average price is $29.80 and its two-hundred day moving average price is $30.85. First Trust Nasdaq Oil & Gas ETF has a 12-month low of $26.60 and a 12-month high of $33.72. The stock has a market capitalization of $188.18 million, a price-to-earnings ratio of 6.47 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.203 per share. This represents a $0.81 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Thursday, September 26th.

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.