NewEdge Advisors LLC Acquires 53,971 Shares of First Trust Nasdaq Bank ETF $FTXO

NewEdge Advisors LLC lifted its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 66.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 135,378 shares of the company’s stock after purchasing an additional 53,971 shares during the period. NewEdge Advisors LLC owned 1.60% of First Trust Nasdaq Bank ETF worth $4,897,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Wells Fargo & Company MN raised its position in First Trust Nasdaq Bank ETF by 17.1% during the 4th quarter. Wells Fargo & Company MN now owns 449,085 shares of the company’s stock worth $16,970,000 after purchasing an additional 65,420 shares during the last quarter. Royal Bank of Canada grew its position in shares of First Trust Nasdaq Bank ETF by 216.2% in the 1st quarter. Royal Bank of Canada now owns 297,436 shares of the company’s stock valued at $10,758,000 after buying an additional 203,378 shares during the last quarter. Bank of America Corp DE grew its position in shares of First Trust Nasdaq Bank ETF by 10.5% in the 1st quarter. Bank of America Corp DE now owns 288,154 shares of the company’s stock valued at $10,423,000 after buying an additional 27,273 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Nasdaq Bank ETF by 22.6% in the third quarter. Raymond James Financial Inc. now owns 198,974 shares of the company’s stock valued at $7,085,000 after buying an additional 36,648 shares during the period. Finally, Wagner Wealth Management LLC increased its stake in shares of First Trust Nasdaq Bank ETF by 0.4% in the fourth quarter. Wagner Wealth Management LLC now owns 158,509 shares of the company’s stock valued at $5,990,000 after buying an additional 575 shares during the period.

First Trust Nasdaq Bank ETF Price Performance

Shares of FTXO opened at $42.30 on Friday. First Trust Nasdaq Bank ETF has a 1 year low of $32.57 and a 1 year high of $43.21. The company has a market capitalization of $306.68 million, a price-to-earnings ratio of 11.56 and a beta of 0.89. The business has a 50-day moving average of $40.87 and a 200-day moving average of $38.95.

First Trust Nasdaq Bank ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2572 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.03 dividend on an annualized basis and a yield of 2.4%. This is a boost from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07.

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.