Envestnet Portfolio Solutions Inc. Has $562,000 Holdings in First Trust Nasdaq Bank ETF $FTXO

Envestnet Portfolio Solutions Inc. cut its holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 32.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 17,003 shares of the company’s stock after selling 8,259 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Nasdaq Bank ETF were worth $562,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of FTXO. Janney Montgomery Scott LLC grew its stake in shares of First Trust Nasdaq Bank ETF by 14.2% in the first quarter. Janney Montgomery Scott LLC now owns 115,993 shares of the company’s stock valued at $3,526,000 after acquiring an additional 14,413 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of First Trust Nasdaq Bank ETF by 13.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,657 shares of the company’s stock valued at $2,634,000 after acquiring an additional 10,295 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of First Trust Nasdaq Bank ETF by 29.6% in the first quarter. International Assets Investment Management LLC now owns 9,728 shares of the company’s stock valued at $296,000 after acquiring an additional 2,223 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in First Trust Nasdaq Bank ETF during the first quarter worth about $61,000. Finally, D.A. Davidson & CO. grew its stake in First Trust Nasdaq Bank ETF by 115.0% during the first quarter. D.A. Davidson & CO. now owns 17,528 shares of the company’s stock worth $533,000 after buying an additional 9,374 shares in the last quarter.

First Trust Nasdaq Bank ETF Stock Down 0.2%

Shares of First Trust Nasdaq Bank ETF stock opened at $34.20 on Wednesday. The company has a market capitalization of $237.69 million, a price-to-earnings ratio of 11.56 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 12-month low of $25.05 and a 12-month high of $36.63. The firm’s 50-day moving average price is $35.19 and its two-hundred day moving average price is $32.72.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.1688 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, September 25th.

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.