Royal Bank of Canada Sells 13,666 Shares of First Trust Nasdaq Oil & Gas ETF $FTXN

Royal Bank of Canada cut its position in shares of First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) by 38.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,798 shares of the company’s stock after selling 13,666 shares during the period. Royal Bank of Canada owned 0.53% of First Trust Nasdaq Oil & Gas ETF worth $841,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FTXN. NBC Securities Inc. lifted its stake in First Trust Nasdaq Oil & Gas ETF by 20.3% in the 4th quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock valued at $62,000 after purchasing an additional 376 shares during the last quarter. MML Investors Services LLC grew its holdings in First Trust Nasdaq Oil & Gas ETF by 5.0% during the fourth quarter. MML Investors Services LLC now owns 14,101 shares of the company’s stock worth $394,000 after purchasing an additional 669 shares during the period. Rockefeller Capital Management L.P. increased its position in First Trust Nasdaq Oil & Gas ETF by 8.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 9,760 shares of the company’s stock worth $273,000 after buying an additional 785 shares during the last quarter. Hazlett Burt & Watson Inc. acquired a new position in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth approximately $25,000. Finally, Hilton Head Capital Partners LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at approximately $27,000.

First Trust Nasdaq Oil & Gas ETF Stock Down 0.3%

FTXN opened at $40.24 on Friday. First Trust Nasdaq Oil & Gas ETF has a 12-month low of $26.46 and a 12-month high of $40.86. The stock has a market cap of $175.04 million, a price-to-earnings ratio of 11.81 and a beta of 0.47. The business has a 50 day moving average of $36.10 and a 200-day moving average of $35.94.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1168 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.2%.

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.