Cetera Investment Advisers Sells 15,841 Shares of First Trust Nasdaq Bank ETF $FTXO

Cetera Investment Advisers lowered its position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 10.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,152 shares of the company’s stock after selling 15,841 shares during the quarter. Cetera Investment Advisers’ holdings in First Trust Nasdaq Bank ETF were worth $4,671,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FTXO. Comerica Bank bought a new position in First Trust Nasdaq Bank ETF during the 1st quarter valued at about $28,000. Fifth Third Bancorp bought a new stake in shares of First Trust Nasdaq Bank ETF during the first quarter worth $30,000. JPMorgan Chase & Co. purchased a new stake in shares of First Trust Nasdaq Bank ETF during the third quarter valued at $37,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of First Trust Nasdaq Bank ETF during the fourth quarter valued at $37,000. Finally, NBC Securities Inc. grew its holdings in shares of First Trust Nasdaq Bank ETF by 22.5% in the fourth quarter. NBC Securities Inc. now owns 1,636 shares of the company’s stock worth $62,000 after purchasing an additional 301 shares during the last quarter.

First Trust Nasdaq Bank ETF Trading Up 1.1%

NASDAQ FTXO opened at $42.85 on Tuesday. The stock has a market cap of $310.66 million, a PE ratio of 11.56 and a beta of 0.89. First Trust Nasdaq Bank ETF has a 12 month low of $32.60 and a 12 month high of $43.21. The company’s 50-day moving average price is $41.04 and its 200-day moving average price is $39.01.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently announced 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 was Thursday, June 25th. This represents a $1.03 dividend on an annualized basis and a yield of 2.4%. This is an increase 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.