Sanctuary Advisors LLC Invests $317,000 in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Sanctuary Advisors LLC acquired a new position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) during the fourth quarter, HoldingsChannel reports. The firm acquired 9,228 shares of the company’s stock, valued at approximately $317,000.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of First Trust Nasdaq Bank ETF by 284.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,365 shares of the company’s stock worth $75,000 after purchasing an additional 1,750 shares during the period. Principal Securities Inc. raised its holdings in shares of First Trust Nasdaq Bank ETF by 215.5% in the 4th quarter. Principal Securities Inc. now owns 4,442 shares of the company’s stock worth $141,000 after purchasing an additional 3,034 shares during the period. International Assets Investment Management LLC purchased a new position in shares of First Trust Nasdaq Bank ETF in the 4th quarter worth about $238,000. HBW Advisory Services LLC raised its holdings in shares of First Trust Nasdaq Bank ETF by 4.6% in the 4th quarter. HBW Advisory Services LLC now owns 7,807 shares of the company’s stock worth $248,000 after purchasing an additional 345 shares during the period. Finally, Tyler Stone Wealth Management raised its holdings in shares of First Trust Nasdaq Bank ETF by 68.1% in the 3rd quarter. Tyler Stone Wealth Management now owns 7,882 shares of the company’s stock worth $229,000 after purchasing an additional 3,193 shares during the period.

First Trust Nasdaq Bank ETF Price Performance

First Trust Nasdaq Bank ETF stock opened at $32.66 on Tuesday. The stock’s 50-day moving average is $33.22 and its 200-day moving average is $31.76. The company has a market cap of $241.68 million, a price-to-earnings ratio of 13.83 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 12 month low of $24.72 and a 12 month high of $35.58.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.1864 per share. The ex-dividend date of this dividend was Friday, December 13th.

First Trust Nasdaq Bank ETF Profile

The First Trust Nasdaq Bank ETF (FTXO) is an exchange-traded fund that is based on the NASDAQ US Banks index. The fund tracks an index composed of the most liquid US banking companies. Holdings are selected by their liquidity, and weighted based on volatility, value, and growth factors. FTXO was launched on Sep 20, 2016 and is managed by First Trust.