First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Trading Down 1.3% – Should You Sell?

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA)’s stock price was down 1.3% during mid-day trading on Friday . The stock traded as low as $57.70 and last traded at $58.36. Approximately 155,563 shares traded hands during mid-day trading, an increase of 177% from the average daily volume of 56,187 shares. The stock had previously closed at $59.13.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 1.3 %

The company has a market cap of $128.39 million, a PE ratio of 12.90 and a beta of 0.92. The stock has a 50 day moving average price of $57.26 and a 200 day moving average price of $55.46.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.3361 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

Several large investors have recently made changes to their positions in QABA. Independent Advisor Alliance purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at about $1,686,000. Simplicity Wealth LLC bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth approximately $225,000. Raymond James Financial Inc. purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at approximately $862,000. WMG Financial Advisors LLC increased its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 27.5% during the fourth quarter. WMG Financial Advisors LLC now owns 5,627 shares of the company’s stock valued at $313,000 after acquiring an additional 1,214 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 290.5% in the 4th quarter. Private Trust Co. NA now owns 660 shares of the company’s stock worth $37,000 after acquiring an additional 491 shares during the last quarter.

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.