First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Declares $0.14 Quarterly Dividend

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) declared a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 26th will be given a dividend of 0.1366 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, March 26th.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of NASDAQ:FTXN traded up $0.59 during trading on Thursday, hitting $39.27. 28,353 shares of the company’s stock were exchanged, compared to its average volume of 52,734. First Trust Nasdaq Oil & Gas ETF has a 52-week low of $23.43 and a 52-week high of $39.44. The business’s 50-day simple moving average is $33.57 and its 200 day simple moving average is $30.01. The company has a market cap of $135.48 million, a price-to-earnings ratio of 11.81 and a beta of 0.76.

Institutional Investors Weigh In On First Trust Nasdaq Oil & Gas ETF

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 563.3% in the first quarter. Royal Bank of Canada now owns 51,066 shares of the company’s stock worth $1,546,000 after buying an additional 43,367 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 valued at $485,000 after acquiring an additional 3,021 shares in the last quarter. Cetera Investment Advisers increased its holdings in First Trust Nasdaq Oil & Gas ETF by 6.6% in the 2nd quarter. Cetera Investment Advisers now owns 130,120 shares of the company’s stock valued at $3,541,000 after acquiring an additional 8,002 shares during the last quarter. Quantinno Capital Management LP lifted its stake in First Trust Nasdaq Oil & Gas ETF by 19.0% in the 2nd quarter. Quantinno Capital Management LP now owns 23,220 shares of the company’s stock worth $632,000 after purchasing an additional 3,715 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its stake in First Trust Nasdaq Oil & Gas ETF by 6.9% in the 2nd quarter. Centaurus Financial Inc. now owns 10,310 shares of the company’s stock worth $281,000 after purchasing an additional 669 shares in the last quarter.

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.