Harbour Investments Inc. Acquires 491 Shares of First Trust Nasdaq Bank ETF $FTXO

Harbour Investments Inc. raised its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 4.8% during the second quarter, Holdings Channel.com reports. The fund owned 10,762 shares of the company’s stock after buying an additional 491 shares during the period. Harbour Investments Inc.’s holdings in First Trust Nasdaq Bank ETF were worth $355,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. OneDigital Investment Advisors LLC bought a new stake in First Trust Nasdaq Bank ETF during the first quarter valued at about $216,000. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Nasdaq Bank ETF by 6.6% in the first quarter. Envestnet Asset Management Inc. now owns 357,224 shares of the company’s stock worth $10,860,000 after purchasing an additional 22,207 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of First Trust Nasdaq Bank ETF by 13.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,657 shares of the company’s stock worth $2,634,000 after purchasing an additional 10,295 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of First Trust Nasdaq Bank ETF by 14.2% in the first quarter. Janney Montgomery Scott LLC now owns 115,993 shares of the company’s stock worth $3,526,000 after purchasing an additional 14,413 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of First Trust Nasdaq Bank ETF by 102.9% in the first quarter. LPL Financial LLC now owns 526,603 shares of the company’s stock worth $16,009,000 after purchasing an additional 267,124 shares during the last quarter.

First Trust Nasdaq Bank ETF Trading Up 2.2%

Shares of FTXO stock opened at $34.26 on Tuesday. First Trust Nasdaq Bank ETF has a 12-month low of $25.05 and a 12-month high of $36.63. The stock’s 50-day moving average price is $35.19 and its 200-day moving average price is $32.71. The stock has a market capitalization of $238.11 million, a price-to-earnings ratio of 11.56 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.1688 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, September 25th.

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.