Oppenheimer & Co. Inc. acquired a new position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 146,924 shares of the company’s stock, valued at approximately $5,686,000. Oppenheimer & Co. Inc. owned about 2.35% of First Trust Nasdaq Bank ETF as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FTXO. Royal Bank of Canada increased its stake in First Trust Nasdaq Bank ETF by 216.2% in the first quarter. Royal Bank of Canada now owns 297,436 shares of the company’s stock valued at $10,758,000 after acquiring an additional 203,378 shares during the last quarter. Bank of America Corp DE lifted its stake in First Trust Nasdaq Bank ETF by 10.5% during the first quarter. Bank of America Corp DE now owns 288,154 shares of the company’s stock worth $10,423,000 after purchasing an additional 27,273 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust Nasdaq Bank ETF by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 203,170 shares of the company’s stock worth $8,397,000 after purchasing an additional 951 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of First Trust Nasdaq Bank ETF by 3.3% in the 2nd quarter. NewEdge Advisors LLC now owns 154,964 shares of the company’s stock worth $6,405,000 after purchasing an additional 4,964 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in shares of First Trust Nasdaq Bank ETF in the 1st quarter worth about $5,704,000.
First Trust Nasdaq Bank ETF Trading Up 0.0%
Shares of First Trust Nasdaq Bank ETF stock opened at $39.79 on Thursday. The firm has a market capitalization of $248.69 million, a PE ratio of 11.56 and a beta of 0.92. The business’s 50-day moving average price is $40.29 and its 200-day moving average price is $39.56. First Trust Nasdaq Bank ETF has a 12 month low of $33.59 and a 12 month high of $44.12.
First Trust Nasdaq Bank ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.21 dividend. This is a decrease from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.2572. This represents a $0.84 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 24th.
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.
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