UBS Group AG Has $7.89 Million Position in First Trust Nasdaq Bank ETF $FTXO

UBS Group AG reduced its stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 10.7% during the 4th quarter, HoldingsChannel reports. The fund owned 208,819 shares of the company’s stock after selling 24,892 shares during the period. UBS Group AG’s holdings in First Trust Nasdaq Bank ETF were worth $7,891,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Comerica Bank purchased a new position in First Trust Nasdaq Bank ETF in the first quarter valued at about $28,000. NewEdge Advisors LLC raised its stake in shares of First Trust Nasdaq Bank ETF by 784.3% during the 1st quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock worth $641,000 after purchasing an additional 18,691 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of First Trust Nasdaq Bank ETF by 21.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 45,491 shares of the company’s stock worth $1,503,000 after purchasing an additional 8,070 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of First Trust Nasdaq Bank ETF by 4.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,479 shares of the company’s stock valued at $313,000 after buying an additional 380 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of First Trust Nasdaq Bank ETF by 602.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,397 shares of the company’s stock valued at $443,000 after buying an additional 11,490 shares in the last quarter.

First Trust Nasdaq Bank ETF Stock Performance

NASDAQ:FTXO opened at $37.31 on Tuesday. The stock’s 50 day moving average price is $37.20 and its 200 day moving average price is $37.41. First Trust Nasdaq Bank ETF has a 52 week low of $30.08 and a 52 week high of $41.57. The company has a market capitalization of $315.27 million, a P/E ratio of 11.56 and a beta of 0.92.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.0735 dividend. This represents a $0.29 annualized dividend and a 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.