First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Stock Price Up 0.8% – Here’s What Happened

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA)’s stock price was up 0.8% on Tuesday . The company traded as high as $62.80 and last traded at $62.58. Approximately 6,476 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 7,838 shares. The stock had previously closed at $62.10.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

The stock’s 50-day moving average price is $60.37 and its two-hundred day moving average price is $59.16. The stock has a market capitalization of $78.23 million, a PE ratio of 13.59 and a beta of 0.77.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.3419 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 2.2%.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

A number of institutional investors and hedge funds have recently bought and sold shares of QABA. Waverly Advisors LLC bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the first quarter worth approximately $204,000. Cetera Investment Advisers grew its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 13.0% during the first quarter. Cetera Investment Advisers now owns 10,182 shares of the company’s stock valued at $593,000 after buying an additional 1,171 shares during the last quarter. Merkkuri Wealth Advisors LLC purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the first quarter valued at approximately $59,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at approximately $75,000. Finally, Virtu Financial LLC purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at approximately $753,000.

First Trust NASDAQ ABA Community Bank Index Fund Company Profile

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.