Prospera Financial Services Inc Cuts Holdings in First Trust Nasdaq Bank ETF $FTXO

Prospera Financial Services Inc trimmed its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 39.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,308 shares of the company’s stock after selling 21,698 shares during the period. Prospera Financial Services Inc’s holdings in First Trust Nasdaq Bank ETF were worth $1,259,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Tucker Asset Management LLC grew its holdings in shares of First Trust Nasdaq Bank ETF by 44.4% in the 4th quarter. Tucker Asset Management LLC now owns 2,400 shares of the company’s stock worth $91,000 after acquiring an additional 738 shares during the period. Stephens Inc. AR acquired a new stake in shares of First Trust Nasdaq Bank ETF in the 4th quarter worth approximately $367,000. Englebert Financial Advisers LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF in the 4th quarter worth approximately $409,000. Benjamin Edwards Inc. grew its holdings in shares of First Trust Nasdaq Bank ETF by 24.4% in the 4th quarter. Benjamin Edwards Inc. now owns 64,031 shares of the company’s stock worth $2,421,000 after acquiring an additional 12,570 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in First Trust Nasdaq Bank ETF in the fourth quarter valued at $4,465,000.

First Trust Nasdaq Bank ETF Stock Performance

First Trust Nasdaq Bank ETF stock opened at $38.01 on Friday. The firm has a market capitalization of $321.18 million, a price-to-earnings ratio of 11.56 and a beta of 0.92. First Trust Nasdaq Bank ETF has a fifty-two week low of $30.45 and a fifty-two week high of $41.57. The stock’s fifty day moving average is $37.64 and its two-hundred day moving average is $37.61.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.0735 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.29 annualized dividend and a yield of 0.8%.

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.