First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Increases Dividend to $0.36 Per Share

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.3585 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, September 24th. This is a 2.5% increase from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.35.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 0.5%

QABA stock traded down $0.31 during midday trading on Thursday, hitting $64.98. The stock had a trading volume of 899 shares, compared to its average volume of 8,999. The firm has a market cap of $90.97 million, a P/E ratio of 13.59 and a beta of 0.74. The business has a fifty day moving average price of $68.27 and a two-hundred day moving average price of $64.25. First Trust NASDAQ ABA Community Bank Index Fund has a 1-year low of $51.90 and a 1-year high of $70.66.

Institutional Investors Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the second quarter worth approximately $303,000. Integrated Wealth Concepts LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the second quarter worth $34,000. Waverly Advisors LLC purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter valued at about $204,000. Cetera Investment Advisers boosted its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 13.0% in the 1st quarter. Cetera Investment Advisers now owns 10,182 shares of the company’s stock worth $593,000 after buying an additional 1,171 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter worth approximately $59,000.

First Trust NASDAQ ABA Community Bank Index Fund Company Profile

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.