First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Stock Price Down 0.8% – What’s Next?

Shares of First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) fell 0.8% on Thursday . The company traded as low as $69.28 and last traded at $69.41. 7,755 shares traded hands during trading, a decline of 3% from the average daily volume of 8,012 shares. The stock had previously closed at $69.97.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 0.4%

The business has a 50 day moving average of $66.70 and a two-hundred day moving average of $62.65. The firm has a market cap of $93.31 million, a P/E ratio of 13.59 and a beta of 0.75.

First Trust NASDAQ ABA Community Bank Index Fund 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 given a $0.3497 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 2.0%.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

Several hedge funds and other institutional investors have recently modified their holdings of QABA. Waverly Advisors LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter valued at about $204,000. Cetera Investment Advisers boosted its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 13.0% during the first quarter. Cetera Investment Advisers now owns 10,182 shares of the company’s stock worth $593,000 after acquiring an additional 1,171 shares during the period. Merkkuri Wealth Advisors LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the first quarter valued at approximately $59,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at approximately $75,000. Finally, Virtu Financial LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at approximately $753,000.

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.