First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Shares Up 0.5% – Here’s Why

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA)’s share price was up 0.5% on Monday . The company traded as high as $55.02 and last traded at $54.78. Approximately 10,097 shares changed hands during trading, a decline of 78% from the average daily volume of 45,211 shares. The stock had previously closed at $54.49.

First Trust NASDAQ ABA Community Bank Index Fund Price Performance

The company has a market capitalization of $90.39 million, a P/E ratio of 13.59 and a beta of 0.81. The stock’s fifty day simple moving average is $55.93 and its 200-day simple moving average is $55.02.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.3523 dividend. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $1.41 dividend on an annualized basis and a yield of 2.6%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of QABA. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 2.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,990 shares of the company’s stock valued at $433,000 after acquiring an additional 185 shares during the period. Truist Financial Corp raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 0.7% during the 3rd quarter. Truist Financial Corp now owns 38,713 shares of the company’s stock valued at $2,174,000 after purchasing an additional 267 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 5.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 6,612 shares of the company’s stock valued at $358,000 after purchasing an additional 365 shares during the period. Signet Financial Management LLC boosted its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 4.5% in the 2nd quarter. Signet Financial Management LLC now owns 11,730 shares of the company’s stock valued at $636,000 after purchasing an additional 505 shares during the period. Finally, Cetera Investment Advisers grew its position in First Trust NASDAQ ABA Community Bank Index Fund by 9.3% in the 1st quarter. Cetera Investment Advisers now owns 6,200 shares of the company’s stock worth $324,000 after purchasing an additional 530 shares during the last quarter.

About First Trust NASDAQ ABA Community Bank Index Fund

The First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund that is based on the NASDAQ OMX ABA Community Bank index. The fund tracks an index of NASDAQ-listed banks and thrifts, excluding the 50 largest. QABA was launched on Jun 29, 2009 and is managed by First Trust.