First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA – Get Free Report)’s stock price rose 1.6% on Thursday. The stock traded as high as $64.61 and last traded at $64.6150. 6,200 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 8,545 shares. The stock had previously closed at $63.62.
First Trust NASDAQ ABA Community Bank Index Fund Stock Performance
The firm has a market capitalization of $84.15 million, a PE ratio of 13.59 and a beta of 0.77. The stock’s 50-day simple moving average is $66.79 and its 200-day simple moving average is $65.09.
First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.3585 per share. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.3497.
Hedge Funds Weigh In On First Trust NASDAQ ABA Community Bank Index Fund
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the second quarter worth about $34,000. Merkkuri Wealth Advisors LLC bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter worth approximately $59,000. Cetera Investment Advisers raised its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 13.0% in the 1st quarter. Cetera Investment Advisers now owns 10,182 shares of the company’s stock worth $593,000 after acquiring an additional 1,171 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter valued at approximately $75,000. Finally, Waverly Advisors LLC purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter valued at approximately $204,000.
First Trust NASDAQ ABA Community Bank Index Fund Company Profile
The First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund that is based on the NASDAQ OMX ABA Community Bank index. The fund tracks an index of NASDAQ-listed banks and thrifts, excluding the 50 largest. QABA was launched on Jun 29, 2009 and is managed by First Trust.
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