BNP Paribas Financial Markets Takes Position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

BNP Paribas Financial Markets purchased a new stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,590,000.

A number of other institutional investors also recently modified their holdings of FTXO. Park Avenue Securities LLC bought a new position in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $642,000. Janney Montgomery Scott LLC raised its stake in First Trust Nasdaq Bank ETF by 31.4% during 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 during the last quarter. Nilsine Partners LLC acquired a new position in First Trust Nasdaq Bank ETF during the 4th quarter valued at $1,129,000. DAVENPORT & Co LLC acquired a new position in First Trust Nasdaq Bank ETF during the 4th quarter valued at $497,000. Finally, Wagner Wealth Management LLC raised its stake in First Trust Nasdaq Bank ETF by 0.5% during the 4th quarter. Wagner Wealth Management LLC now owns 167,920 shares of the company’s stock valued at $5,341,000 after purchasing an additional 855 shares during the last quarter.

First Trust Nasdaq Bank ETF Price Performance

NASDAQ:FTXO opened at $31.92 on Monday. The stock has a market cap of $237.80 million, a P/E ratio of 11.06 and a beta of 1.11. First Trust Nasdaq Bank ETF has a one year low of $25.05 and a one year high of $35.58. The company has a fifty day moving average price of $29.17 and a 200 day moving average price of $31.76.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.1207 per share. This represents a $0.48 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Thursday, March 27th.

About First Trust Nasdaq Bank ETF

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.