UBS Group AG Has $7.89 Million Stock Position in First Trust Nasdaq Bank ETF $FTXO

UBS Group AG reduced its position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 208,819 shares of the company’s stock after selling 24,892 shares during the period. UBS Group AG owned about 2.96% of First Trust Nasdaq Bank ETF worth $7,891,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FTXO. Bank of America Corp DE grew its position in First Trust Nasdaq Bank ETF by 29.6% during the 3rd quarter. Bank of America Corp DE now owns 204,787 shares of the company’s stock worth $7,292,000 after purchasing an additional 46,736 shares in the last quarter. Raymond James Financial Inc. raised its stake in First Trust Nasdaq Bank ETF by 22.6% during the 3rd quarter. Raymond James Financial Inc. now owns 198,974 shares of the company’s stock valued at $7,085,000 after purchasing an additional 36,648 shares during the period. Holistic Financial Partners purchased a new stake in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at $957,000. GeoWealth Management LLC purchased a new stake in shares of First Trust Nasdaq Bank ETF in the third quarter valued at $864,000. Finally, NewEdge Advisors LLC raised its position in First Trust Nasdaq Bank ETF by 784.3% during the first quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock valued at $641,000 after buying an additional 18,691 shares during the period.

First Trust Nasdaq Bank ETF Trading Up 0.8%

Shares of NASDAQ FTXO opened at $37.31 on Tuesday. First Trust Nasdaq Bank ETF has a one year low of $30.08 and a one year high of $41.57. The firm has a market capitalization of $315.27 million, a PE ratio of 11.56 and a beta of 0.92. The business has a 50-day moving average price of $37.20 and a two-hundred day moving average price of $37.41.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0735 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 26th.

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.