Raymond James Financial Inc. Acquires Shares of 135,523 First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Raymond James Financial Inc. bought a new position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) during the fourth quarter, HoldingsChannel.com reports. The firm bought 135,523 shares of the company’s stock, valued at approximately $4,311,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Atria Investments Inc bought a new position in First Trust Nasdaq Bank ETF in the 4th quarter valued at about $863,000. Assetmark Inc. increased its stake in First Trust Nasdaq Bank ETF by 24,112.3% in the fourth quarter. Assetmark Inc. now owns 110,408 shares of the company’s stock valued at $3,512,000 after acquiring an additional 109,952 shares during the last quarter. Sherman Asset Management Inc. acquired a new position in First Trust Nasdaq Bank ETF during the fourth quarter valued at approximately $28,000. Bank of New York Mellon Corp bought a new stake in First Trust Nasdaq Bank ETF during the fourth quarter worth $1,145,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of First Trust Nasdaq Bank ETF in the 4th quarter valued at $551,000.

First Trust Nasdaq Bank ETF Stock Performance

First Trust Nasdaq Bank ETF stock opened at $31.16 on Thursday. First Trust Nasdaq Bank ETF has a 52 week low of $24.72 and a 52 week high of $35.58. The stock has a market capitalization of $213.45 million, a P/E ratio of 12.83 and a beta of 1.11. The stock has a fifty day moving average of $32.61 and a 200-day moving average of $31.93.

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.