First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Trading 0.8% Higher – Time to Buy?

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) traded up 0.8% during trading on Monday . The stock traded as high as $56.80 and last traded at $56.6410. 9,147 shares changed hands during trading, a decline of 79% from the average session volume of 42,918 shares. The stock had previously closed at $56.17.

First Trust NASDAQ ABA Community Bank Index Fund Trading Up 2.0%

The company’s 50 day moving average price is $54.97 and its two-hundred day moving average price is $55.32. The stock has a market cap of $94.96 million, a P/E ratio of 13.59 and a beta of 0.81.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a $0.3523 dividend. The ex-dividend date was Thursday, September 25th. This is a boost from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.28. This represents a $1.41 annualized dividend and a yield of 2.4%.

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

Hedge funds have recently modified their holdings of the business. Baird Financial Group Inc. raised its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 11.8% in the 1st quarter. Baird Financial Group Inc. now owns 6,038 shares of the company’s stock worth $316,000 after purchasing an additional 636 shares during the period. Cetera Investment Advisers increased its position in First Trust NASDAQ ABA Community Bank Index Fund by 9.3% in the first quarter. Cetera Investment Advisers now owns 6,200 shares of the company’s stock worth $324,000 after buying an additional 530 shares in the last quarter. WMG Financial Advisors LLC raised its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 10.5% in the second quarter. WMG Financial Advisors LLC now owns 6,142 shares of the company’s stock worth $333,000 after buying an additional 585 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 5.8% in the second quarter. Janney Montgomery Scott LLC now owns 6,612 shares of the company’s stock worth $358,000 after buying an additional 365 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 2nd quarter valued at about $364,000.

About First Trust NASDAQ ABA Community Bank Index Fund

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.