First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Raises Dividend to $0.26 Per Share

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be paid a dividend of 0.2572 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 249.9% increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07.

First Trust Nasdaq Bank ETF Trading Up 0.5%

Shares of NASDAQ:FTXO traded up $0.21 during trading on Thursday, reaching $41.81. 219,003 shares of the stock were exchanged, compared to its average volume of 688,428. First Trust Nasdaq Bank ETF has a 12 month low of $32.48 and a 12 month high of $42.21. The stock has a 50-day moving average price of $38.93 and a 200-day moving average price of $38.23. The firm has a market cap of $353.29 million, a PE ratio of 11.56 and a beta of 0.90.

About First Trust Nasdaq Bank ETF

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.