NBC Securities Inc. Sells 722 Shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

NBC Securities Inc. lessened its holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 9.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,887 shares of the company’s stock after selling 722 shares during the period. NBC Securities Inc. owned 0.19% of First Trust Nasdaq Bank ETF worth $200,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. PFG Advisors lifted its position in First Trust Nasdaq Bank ETF by 130.1% during the first quarter. PFG Advisors now owns 31,479 shares of the company’s stock worth $854,000 after acquiring an additional 17,800 shares during the last quarter. Cetera Advisors LLC boosted its stake in First Trust Nasdaq Bank ETF by 62.5% in the 1st quarter. Cetera Advisors LLC now owns 28,473 shares of the company’s stock valued at $773,000 after purchasing an additional 10,949 shares during the period. International Assets Investment Management LLC acquired a new position in First Trust Nasdaq Bank ETF in the 2nd quarter valued at $98,000. Larson Financial Group LLC increased its position in First Trust Nasdaq Bank ETF by 575.3% during the 2nd quarter. Larson Financial Group LLC now owns 1,337 shares of the company’s stock worth $35,000 after buying an additional 1,139 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF during the second quarter worth $48,000.

First Trust Nasdaq Bank ETF Stock Performance

FTXO stock opened at $30.88 on Friday. First Trust Nasdaq Bank ETF has a 52 week low of $18.94 and a 52 week high of $31.29. The company has a market capitalization of $114.26 million, a PE ratio of 10.77 and a beta of 1.11. The company’s 50-day simple moving average is $28.97 and its 200 day simple moving average is $27.59.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1796 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.33%.

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.