First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 4.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,046 shares of the company’s stock after buying an additional 638 shares during the period. Commonwealth Equity Services LLC’s holdings in First Trust Nasdaq Bank ETF were worth $510,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Truist Financial Corp acquired a new stake in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at $2,418,000. Principal Securities Inc. increased its holdings in First Trust Nasdaq Bank ETF by 215.5% during 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. Janney Montgomery Scott LLC raised its position in First Trust Nasdaq Bank ETF by 31.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 101,580 shares of the company’s stock valued at $3,231,000 after purchasing an additional 24,261 shares in the last quarter. Jane Street Group LLC acquired a new stake in First Trust Nasdaq Bank ETF in the 3rd quarter valued at about $271,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of First Trust Nasdaq Bank ETF in the 4th quarter valued at about $317,000.

First Trust Nasdaq Bank ETF Stock Performance

FTXO stock opened at $25.92 on Friday. The company’s 50 day moving average price is $31.98 and its 200 day moving average price is $31.95. The firm has a market capitalization of $191.81 million, a price-to-earnings ratio of 12.83 and a beta of 1.11. First Trust Nasdaq Bank ETF has a fifty-two week low of $24.72 and a fifty-two week high of $35.58.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1207 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend was Thursday, March 27th.

First Trust Nasdaq Bank ETF Company 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.