Principal Securities Inc. Purchases 3,034 Shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Principal Securities Inc. boosted its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 215.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,442 shares of the company’s stock after buying an additional 3,034 shares during the period. Principal Securities Inc. owned approximately 0.07% of First Trust Nasdaq Bank ETF worth $141,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wagner Wealth Management LLC boosted its position in First Trust Nasdaq Bank ETF by 0.5% during the fourth quarter. Wagner Wealth Management LLC now owns 167,920 shares of the company’s stock valued at $5,341,000 after buying an additional 855 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of First Trust Nasdaq Bank ETF by 31.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 101,580 shares of the company’s stock worth $3,231,000 after buying an additional 24,261 shares during the period. Nilsine Partners LLC bought a new stake in shares of First Trust Nasdaq Bank ETF in the 4th quarter valued at about $1,129,000. Puff Wealth Management LLC purchased a new stake in First Trust Nasdaq Bank ETF during the 4th quarter valued at about $958,000. Finally, Park Avenue Securities LLC bought a new position in First Trust Nasdaq Bank ETF during the 4th quarter worth approximately $642,000.

First Trust Nasdaq Bank ETF Trading Down 0.3 %

FTXO stock opened at $32.50 on Wednesday. The stock has a market capitalization of $222.63 million, a price-to-earnings ratio of 10.77 and a beta of 1.11. The firm’s 50-day moving average price is $33.14 and its two-hundred day moving average price is $31.64. First Trust Nasdaq Bank ETF has a 12-month low of $24.72 and a 12-month high of $35.58.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.1864 per share. The ex-dividend date was Friday, December 13th.

About First Trust Nasdaq Bank ETF

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.