Iams Wealth Management LLC Decreases Stock Holdings in First Trust Nasdaq Bank ETF $FTXO

Iams Wealth Management LLC trimmed its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 58.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,698 shares of the company’s stock after selling 20,375 shares during the quarter. Iams Wealth Management LLC’s holdings in First Trust Nasdaq Bank ETF were worth $555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rossby Financial LCC increased its position in shares of First Trust Nasdaq Bank ETF by 148.6% during the third quarter. Rossby Financial LCC now owns 865 shares of the company’s stock valued at $30,000 after acquiring an additional 517 shares during the last quarter. Comerica Bank purchased a new stake in shares of First Trust Nasdaq Bank ETF during the first quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of First Trust Nasdaq Bank ETF during the fourth quarter valued at approximately $37,000. JPMorgan Chase & Co. purchased a new stake in shares of First Trust Nasdaq Bank ETF during the third quarter valued at approximately $37,000. Finally, FSB Premier Wealth Management Inc. purchased a new stake in shares of First Trust Nasdaq Bank ETF during the third quarter valued at approximately $214,000.

First Trust Nasdaq Bank ETF Trading Down 0.5%

Shares of FTXO opened at $38.54 on Friday. The company has a market capitalization of $333.37 million, a price-to-earnings ratio of 11.56 and a beta of 0.92. The stock has a 50 day moving average of $37.41 and a 200 day moving average of $36.84. First Trust Nasdaq Bank ETF has a 12 month low of $26.74 and a 12 month high of $41.57.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0735 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 26th.

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.