IFP Advisors Inc Sells 940 Shares of First Trust Nasdaq Bank ETF $FTXO

IFP Advisors Inc decreased its stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 39,926 shares of the company’s stock after selling 940 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Nasdaq Bank ETF were worth $1,319,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wagner Wealth Management LLC increased its holdings in shares of First Trust Nasdaq Bank ETF by 5.0% during the 2nd quarter. Wagner Wealth Management LLC now owns 166,630 shares of the company’s stock worth $5,504,000 after purchasing an additional 7,911 shares during the period. Traction Financial Partners LLC bought a new position in shares of First Trust Nasdaq Bank ETF during the 2nd quarter worth about $220,000. HBW Advisory Services LLC increased its holdings in shares of First Trust Nasdaq Bank ETF by 5.7% during the 2nd quarter. HBW Advisory Services LLC now owns 7,888 shares of the company’s stock worth $261,000 after purchasing an additional 427 shares during the period. NewEdge Advisors LLC increased its holdings in shares of First Trust Nasdaq Bank ETF by 784.3% during the 1st quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock worth $641,000 after purchasing an additional 18,691 shares during the period. Finally, Comerica Bank bought a new position in shares of First Trust Nasdaq Bank ETF during the 1st quarter worth about $28,000.

First Trust Nasdaq Bank ETF Stock Performance

NASDAQ:FTXO opened at $33.47 on Monday. The firm’s 50-day moving average is $35.06 and its 200-day moving average is $32.50. First Trust Nasdaq Bank ETF has a 52-week low of $25.05 and a 52-week high of $36.63. The company has a market cap of $234.29 million, a price-to-earnings ratio of 11.56 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.1688 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%.

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.