NewEdge Advisors LLC Has $4.90 Million Stake in First Trust Nasdaq Bank ETF $FTXO

NewEdge Advisors LLC raised its position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 66.3% during the first quarter, HoldingsChannel.com reports. The fund owned 135,378 shares of the company’s stock after buying an additional 53,971 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Nasdaq Bank ETF were worth $4,897,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of FTXO. Oppenheimer & Co. Inc. purchased a new stake in shares of First Trust Nasdaq Bank ETF during the fourth quarter worth about $4,465,000. Beto Financial Group LLC acquired a new position in shares of First Trust Nasdaq Bank ETF during the fourth quarter valued at about $526,000. World Investment Advisors raised its position in shares of First Trust Nasdaq Bank ETF by 47.0% in the 1st quarter. World Investment Advisors now owns 51,789 shares of the company’s stock valued at $1,873,000 after purchasing an additional 16,561 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in shares of First Trust Nasdaq Bank ETF in the 1st quarter valued at approximately $5,704,000. Finally, HBW Advisory Services LLC boosted its stake in First Trust Nasdaq Bank ETF by 177.7% in the 4th quarter. HBW Advisory Services LLC now owns 15,863 shares of the company’s stock worth $599,000 after purchasing an additional 10,150 shares in the last quarter.

First Trust Nasdaq Bank ETF Trading Up 0.7%

NASDAQ:FTXO opened at $42.30 on Friday. The company has a market cap of $306.68 million, a PE ratio of 11.56 and a beta of 0.89. First Trust Nasdaq Bank ETF has a twelve month low of $32.57 and a twelve month high of $43.21. The company’s 50 day moving average is $40.87 and its two-hundred day moving average is $38.95.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.2572 per share. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07. This represents a $1.03 annualized dividend and a dividend yield of 2.4%.

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.