First Trust Nasdaq Bank ETF $FTXO Shares Sold by TradeWell Securities LLC.

TradeWell Securities LLC. trimmed its holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 176,499 shares of the company’s stock after selling 15,862 shares during the period. First Trust Nasdaq Bank ETF comprises 1.1% of TradeWell Securities LLC.’s holdings, making the stock its 10th biggest position. TradeWell Securities LLC.’s holdings in First Trust Nasdaq Bank ETF were worth $6,670,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Tucker Asset Management LLC lifted its position in shares of First Trust Nasdaq Bank ETF by 44.4% in the fourth quarter. Tucker Asset Management LLC now owns 2,400 shares of the company’s stock valued at $91,000 after buying an additional 738 shares during the last quarter. Stephens Inc. AR acquired a new stake in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $367,000. Englebert Financial Advisers LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $409,000. Benjamin Edwards Inc. lifted its position in shares of First Trust Nasdaq Bank ETF by 24.4% in the fourth quarter. Benjamin Edwards Inc. now owns 64,031 shares of the company’s stock valued at $2,421,000 after buying an additional 12,570 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $4,465,000.

First Trust Nasdaq Bank ETF Stock Down 1.1%

FTXO opened at $38.14 on Thursday. First Trust Nasdaq Bank ETF has a 12-month low of $30.45 and a 12-month high of $41.57. The stock has a market cap of $322.28 million, a price-to-earnings ratio of 11.56 and a beta of 0.92. The business has a 50 day moving average of $37.58 and a 200-day moving average of $37.58.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.0735 per share. This represents a $0.29 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Nasdaq Bank ETF Company 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.