International Assets Investment Management LLC Has $296,000 Position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

International Assets Investment Management LLC boosted its holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 29.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,728 shares of the company’s stock after acquiring an additional 2,223 shares during the period. International Assets Investment Management LLC owned 0.13% of First Trust Nasdaq Bank ETF worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FTXO. NBC Securities Inc. grew its position in shares of First Trust Nasdaq Bank ETF by 23,200.0% in the first quarter. NBC Securities Inc. now owns 1,398 shares of the company’s stock valued at $42,000 after purchasing an additional 1,392 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in First Trust Nasdaq Bank ETF by 14.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 115,993 shares of the company’s stock worth $3,526,000 after purchasing an additional 14,413 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in First Trust Nasdaq Bank ETF in the 4th quarter valued at $856,000. Sanctuary Advisors LLC acquired a new position in First Trust Nasdaq Bank ETF in the 4th quarter valued at $317,000. Finally, LPL Financial LLC grew its holdings in First Trust Nasdaq Bank ETF by 10.7% in the 4th quarter. LPL Financial LLC now owns 259,479 shares of the company’s stock valued at $8,254,000 after buying an additional 25,003 shares in the last quarter.

First Trust Nasdaq Bank ETF Stock Performance

FTXO opened at $32.86 on Friday. The stock has a fifty day moving average of $30.78 and a 200-day moving average of $31.30. The company has a market capitalization of $244.81 million, a P/E ratio of 11.93 and a beta of 1.11. First Trust Nasdaq Bank ETF has a fifty-two week low of $25.05 and a fifty-two week high of $35.58.

First Trust Nasdaq Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 26th will be paid a $0.2075 dividend. This is a boost from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, June 26th. This represents a $0.83 annualized dividend and a yield of 2.53%.

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.