First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Stock Price Up 2.5% – Still a Buy?

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABAGet Free Report) shot up 2.5% during trading on Monday . The company traded as high as $54.07 and last traded at $53.83. 7,623 shares changed hands during trading, a decline of 87% from the average session volume of 60,764 shares. The stock had previously closed at $52.54.

First Trust NASDAQ ABA Community Bank Index Fund Trading Up 2.5 %

The business has a 50-day moving average price of $55.76 and a 200 day moving average price of $56.04. The stock has a market cap of $118.43 million, a PE ratio of 13.31 and a beta of 0.92.

Hedge Funds Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 290.5% during the 4th quarter. Private Trust Co. NA now owns 660 shares of the company’s stock valued at $37,000 after buying an additional 491 shares in the last quarter. Waverly Advisors LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at $208,000. Simplicity Wealth LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at $225,000. Blueprint Investment Partners LLC purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter worth $225,000. Finally, Mach 1 Financial Group LLC bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth $229,000.

First Trust NASDAQ ABA Community Bank Index Fund Company Profile

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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.

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