First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Trading Up 2.8% – Time to Buy?

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was up 2.8% on Thursday . The stock traded as high as $70.10 and last traded at $69.9130. Approximately 5,796 shares traded hands during trading, a decline of 25% from the average daily volume of 7,737 shares. The stock had previously closed at $68.00.

First Trust NASDAQ ABA Community Bank Index Fund Price Performance

The firm has a market capitalization of $94.38 million, a PE ratio of 13.59 and a beta of 0.75. The business has a 50-day simple moving average of $64.33 and a 200-day simple moving average of $61.43.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.3497 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.40 annualized dividend and a dividend yield of 2.0%. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.34.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

Institutional investors have recently bought and sold shares of the stock. Merkkuri Wealth Advisors LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the first quarter worth $59,000. Kestra Advisory Services LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at $73,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at $75,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 178.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,257 shares of the company’s stock valued at $128,000 after acquiring an additional 1,447 shares during the period. Finally, Waverly Advisors LLC purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the first quarter valued at $204,000.

First Trust NASDAQ ABA Community Bank Index Fund Company Profile

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.