First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Stock Price Up 0.8% – Here’s What Happened

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) shares rose 0.8% during trading on Tuesday . The company traded as high as $62.80 and last traded at $62.58. Approximately 6,476 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 7,838 shares. The stock had previously closed at $62.10.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

The business’s 50-day moving average price is $60.37 and its 200 day moving average price is $59.16. The company has a market cap of $78.23 million, a P/E ratio of 13.59 and a beta of 0.77.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.3419 dividend. This represents a $1.37 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Merkkuri Wealth Advisors LLC bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter valued at about $59,000. Kestra Advisory Services LLC acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter worth about $73,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter worth about $75,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 178.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,257 shares of the company’s stock worth $128,000 after buying an additional 1,447 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 1st quarter worth about $204,000.

About First Trust NASDAQ ABA Community Bank Index Fund

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.