Commonwealth Equity Services LLC Cuts Stock Position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Commonwealth Equity Services LLC trimmed its position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 49.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,034 shares of the company’s stock after selling 19,943 shares during the period. Commonwealth Equity Services LLC owned approximately 0.53% of First Trust Nasdaq Bank ETF worth $532,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at about $33,000. International Assets Investment Management LLC acquired a new position in First Trust Nasdaq Bank ETF during the 2nd quarter worth approximately $98,000. D.A. Davidson & CO. acquired a new position in First Trust Nasdaq Bank ETF during the 4th quarter worth approximately $217,000. Cetera Advisors LLC raised its stake in shares of First Trust Nasdaq Bank ETF by 62.5% during the 1st quarter. Cetera Advisors LLC now owns 28,473 shares of the company’s stock worth $773,000 after buying an additional 10,949 shares in the last quarter. Finally, PFG Advisors lifted its holdings in shares of First Trust Nasdaq Bank ETF by 130.1% in the 1st quarter. PFG Advisors now owns 31,479 shares of the company’s stock valued at $854,000 after buying an additional 17,800 shares during the period.

First Trust Nasdaq Bank ETF Price Performance

Shares of FTXO stock opened at $29.48 on Friday. The business’s fifty day moving average price is $28.65 and its 200 day moving average price is $27.15. The firm has a market capitalization of $112.02 million, a PE ratio of 10.77 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 1-year low of $18.94 and a 1-year high of $30.06.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a dividend of $0.2216 per share. The ex-dividend date of this dividend was Thursday, June 27th. This is a boost from First Trust Nasdaq Bank ETF’s previous dividend of $0.11.

First Trust Nasdaq Bank ETF Company 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.