Nilsine Partners LLC Sells 14,637 Shares of First Trust Nasdaq Bank ETF $FTXO

Nilsine Partners LLC lowered its stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 31.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,843 shares of the company’s stock after selling 14,637 shares during the period. Nilsine Partners LLC’s holdings in First Trust Nasdaq Bank ETF were worth $1,316,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Comerica Bank bought a new stake in shares of First Trust Nasdaq Bank ETF during the 1st quarter valued at $28,000. Fifth Third Bancorp bought a new position in First Trust Nasdaq Bank ETF in the 1st quarter worth about $30,000. JPMorgan Chase & Co. bought a new position in First Trust Nasdaq Bank ETF in the 3rd quarter worth about $37,000. Sound Income Strategies LLC grew its holdings in First Trust Nasdaq Bank ETF by 1,811.2% during the 1st quarter. Sound Income Strategies LLC now owns 2,045 shares of the company’s stock valued at $75,000 after buying an additional 1,938 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in First Trust Nasdaq Bank ETF during the 4th quarter valued at about $76,000.

First Trust Nasdaq Bank ETF Price Performance

Shares of FTXO opened at $42.58 on Monday. First Trust Nasdaq Bank ETF has a twelve month low of $32.90 and a twelve month high of $44.12. The stock has a market cap of $308.70 million, a PE ratio of 11.56 and a beta of 0.88. The business’s 50-day moving average price is $42.37 and its 200-day moving average price is $39.59.

First Trust Nasdaq Bank ETF Increases Dividend

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