First Trust Nasdaq Bank ETF (NASDAQ:FTXO) to Issue $0.07 Quarterly Dividend

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) announced a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 26th will be given a dividend of 0.0735 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust Nasdaq Bank ETF Stock Down 0.9%

First Trust Nasdaq Bank ETF stock traded down $0.32 during mid-day trading on Thursday, reaching $35.75. 2,010,663 shares of the company’s stock were exchanged, compared to its average volume of 896,951. First Trust Nasdaq Bank ETF has a twelve month low of $25.05 and a twelve month high of $41.57. The company has a market cap of $250.25 million, a P/E ratio of 11.56 and a beta of 0.97. The company has a fifty day moving average of $37.88 and a 200-day moving average of $36.69.

Institutional Trading of First Trust Nasdaq Bank ETF

Hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC acquired a new position in First Trust Nasdaq Bank ETF during the 2nd quarter worth $1,984,000. Park Avenue Securities LLC purchased a new position in shares of First Trust Nasdaq Bank ETF in the 3rd quarter valued at about $774,000. Holistic Financial Partners purchased a new position in shares of First Trust Nasdaq Bank ETF in the 4th quarter valued at about $957,000. D.A. Davidson & CO. grew its position in shares of First Trust Nasdaq Bank ETF by 2.6% during the third quarter. D.A. Davidson & CO. now owns 18,130 shares of the company’s stock worth $646,000 after buying an additional 452 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its position in shares of First Trust Nasdaq Bank ETF by 13.1% during the third quarter. Benjamin Edwards Inc. now owns 51,461 shares of the company’s stock worth $1,833,000 after buying an additional 5,970 shares in the last quarter.

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.