First Trust Nasdaq Oil & Gas ETF Price & Performance (FTXN)

First Trust Advisors LP expanded its holding in Phillips 66 by over 32% during the fourth quarter, now owning more than 360,000 shares. Other major institutions, including Bank of New York Mellon and Invesco, also raised their positions, signaling growing confidence in the oil and gas sector despite ongoing market volatility.12

Wells Fargo & Company MN reduced its stake in the First Trust Nasdaq Oil & Gas ETF by nearly 7% in Q4, with the ETF’s price closing at $26.09 on April 25. The fund has experienced declining momentum and a recent dividend cut, reflecting broader sector challenges and investor caution.345

The First Trust Natural Gas ETF (FCG) was downgraded from Hold/Accumulate to Sell after Friday’s session, even as the price rose 0.5% to $21.47. Analysts cite technical weakness, falling trading volume, and a negative short-term outlook as reasons for the downgrade, underscoring heightened volatility in energy markets.678