Puff Wealth Management LLC Invests $786,000 in First Trust Nasdaq Bank ETF $FTXO

Puff Wealth Management LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,015 shares of the company’s stock, valued at approximately $786,000. Puff Wealth Management LLC owned approximately 0.26% of First Trust Nasdaq Bank ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new position in shares of First Trust Nasdaq Bank ETF in the fourth quarter worth $4,465,000. NewEdge Advisors LLC boosted its stake in First Trust Nasdaq Bank ETF by 66.3% during the first quarter. NewEdge Advisors LLC now owns 135,378 shares of the company’s stock valued at $4,897,000 after buying an additional 53,971 shares during the period. Beto Financial Group LLC purchased a new position in First Trust Nasdaq Bank ETF during the fourth quarter worth about $526,000. World Investment Advisors grew its position in First Trust Nasdaq Bank ETF by 47.0% during the first quarter. World Investment Advisors now owns 51,789 shares of the company’s stock worth $1,873,000 after buying an additional 16,561 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new position in First Trust Nasdaq Bank ETF in the 1st quarter worth about $5,704,000.

First Trust Nasdaq Bank ETF Stock Up 0.1%

NASDAQ:FTXO opened at $42.91 on Friday. The business’s 50-day moving average price is $41.43 and its two-hundred day moving average price is $39.14. First Trust Nasdaq Bank ETF has a twelve month low of $32.84 and a twelve month high of $43.71. The stock has a market cap of $311.10 million, a P/E ratio of 11.56 and a beta of 0.89.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.2572 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.03 dividend on an annualized basis and a yield of 2.4%. This is a boost from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07.

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.