HBW Advisory Services LLC Has $217,000 Holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

HBW Advisory Services LLC trimmed its stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 81.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,462 shares of the company’s stock after selling 31,910 shares during the period. HBW Advisory Services LLC owned about 0.20% of First Trust Nasdaq Bank ETF worth $217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cetera Advisors LLC lifted its stake in shares of First Trust Nasdaq Bank ETF by 62.5% in the first quarter. Cetera Advisors LLC now owns 28,473 shares of the company’s stock valued at $773,000 after buying an additional 10,949 shares during the period. International Assets Investment Management LLC bought a new stake in shares of First Trust Nasdaq Bank ETF in the 2nd quarter worth approximately $98,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF during the 2nd quarter worth approximately $48,000. PFG Advisors increased its position in shares of First Trust Nasdaq Bank ETF by 21.6% during the second quarter. PFG Advisors now owns 38,288 shares of the company’s stock valued at $1,016,000 after purchasing an additional 6,809 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of First Trust Nasdaq Bank ETF by 575.3% in the second quarter. Larson Financial Group LLC now owns 1,337 shares of the company’s stock valued at $35,000 after purchasing an additional 1,139 shares in the last quarter.

First Trust Nasdaq Bank ETF Price Performance

Shares of FTXO stock opened at $28.93 on Friday. First Trust Nasdaq Bank ETF has a one year low of $18.94 and a one year high of $30.06. The stock has a fifty day moving average price of $28.56 and a 200 day moving average price of $27.35. The stock has a market cap of $108.49 million, a P/E ratio of 10.77 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.1796 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, September 26th.

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.