First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Trading Down 1.8%

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA – Get Rating)’s share price dropped 1.8% during mid-day trading on Wednesday . The stock traded as low as $38.44 and last traded at $38.47. Approximately 73,352 shares were traded during mid-day trading, an increase of 58% from the average daily volume of 46,317 shares. The stock had previously closed at $39.18.

First Trust NASDAQ ABA Community Bank Index Fund Trading Up 0.8 %

The company’s 50 day moving average is $37.98 and its 200-day moving average is $43.94. The company has a market capitalization of $80.93 million, a P/E ratio of 12.11 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were paid a $0.346 dividend. The ex-dividend date of this dividend was Friday, March 24th. This represents a $1.38 annualized dividend and a dividend yield of 3.59%. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.28.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its stake in First Trust NASDAQ ABA Community Bank Index Fund by 78.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,000 shares of the company’s stock worth $506,000 after purchasing an additional 3,954 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in First Trust NASDAQ ABA Community Bank Index Fund by 41.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,259 shares of the company’s stock worth $464,000 after purchasing an additional 2,407 shares in the last quarter. D.A. Davidson & CO. bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter worth about $300,000. Keeley Teton Advisors LLC raised its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 7.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 35,770 shares of the company’s stock worth $2,009,000 after acquiring an additional 2,475 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 4.2% in the 2nd quarter. LPL Financial LLC now owns 102,920 shares of the company’s stock worth $5,117,000 after acquiring an additional 4,161 shares during the last quarter.

About First Trust NASDAQ ABA Community Bank Index Fund

(Get Rating)

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.