Commonwealth Equity Services LLC Decreases Holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Commonwealth Equity Services LLC reduced its position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 49.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,034 shares of the company’s stock after selling 19,943 shares during the period. Commonwealth Equity Services LLC’s holdings in First Trust Nasdaq Bank ETF were worth $532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. purchased a new position in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at $33,000. International Assets Investment Management LLC acquired a new stake in First Trust Nasdaq Bank ETF in the 2nd quarter valued at about $98,000. D.A. Davidson & CO. purchased a new position in First Trust Nasdaq Bank ETF during the 4th quarter valued at about $217,000. Cetera Advisors LLC raised its position in First Trust Nasdaq Bank ETF by 62.5% during the first quarter. Cetera Advisors LLC now owns 28,473 shares of the company’s stock worth $773,000 after acquiring an additional 10,949 shares during the last quarter. Finally, PFG Advisors lifted its holdings in shares of First Trust Nasdaq Bank ETF by 130.1% in the first quarter. PFG Advisors now owns 31,479 shares of the company’s stock valued at $854,000 after purchasing an additional 17,800 shares in the last quarter.

First Trust Nasdaq Bank ETF Price Performance

Shares of FTXO opened at $29.48 on Friday. First Trust Nasdaq Bank ETF has a 1-year low of $18.94 and a 1-year high of $30.06. The firm has a 50 day simple moving average of $28.65 and a 200-day simple moving average of $27.15. The stock has a market cap of $112.02 million, a price-to-earnings ratio of 10.77 and a beta of 1.11.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.2216 dividend. This is a boost from First Trust Nasdaq Bank ETF’s previous dividend of $0.11. The ex-dividend date was Thursday, June 27th.

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.