Truist Financial Corp Invests $2.42 Million in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Truist Financial Corp purchased a new position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 76,011 shares of the company’s stock, valued at approximately $2,418,000. Truist Financial Corp owned 1.15% of First Trust Nasdaq Bank ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HBW Advisory Services LLC grew its stake in shares of First Trust Nasdaq Bank ETF by 4.6% during the 4th quarter. HBW Advisory Services LLC now owns 7,807 shares of the company’s stock worth $248,000 after acquiring an additional 345 shares during the period. D.A. Davidson & CO. grew its stake in shares of First Trust Nasdaq Bank ETF by 7.9% during the 3rd quarter. D.A. Davidson & CO. now owns 8,154 shares of the company’s stock worth $237,000 after acquiring an additional 600 shares during the period. Wagner Wealth Management LLC lifted its holdings in First Trust Nasdaq Bank ETF by 0.5% during the 4th quarter. Wagner Wealth Management LLC now owns 167,920 shares of the company’s stock worth $5,341,000 after purchasing an additional 855 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in First Trust Nasdaq Bank ETF by 284.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,365 shares of the company’s stock worth $75,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in First Trust Nasdaq Bank ETF by 2.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 77,319 shares of the company’s stock worth $2,248,000 after purchasing an additional 2,144 shares in the last quarter.

First Trust Nasdaq Bank ETF Stock Performance

Shares of FTXO opened at $32.50 on Wednesday. The stock’s 50-day simple moving average is $33.14 and its 200 day simple moving average is $31.64. The stock has a market capitalization of $222.63 million, a price-to-earnings ratio of 10.77 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 52-week low of $24.72 and a 52-week high of $35.58.

First Trust Nasdaq Bank ETF Cuts Dividend

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

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.