Coppell Advisory Solutions LLC Has $2.27 Million Stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Coppell Advisory Solutions LLC raised its position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 1,720.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 70,897 shares of the company’s stock after purchasing an additional 67,003 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in First Trust Nasdaq Bank ETF were worth $2,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new stake in shares of First Trust Nasdaq Bank ETF in the 4th quarter valued at about $28,000. Larson Financial Group LLC increased its position in First Trust Nasdaq Bank ETF by 22.0% during the fourth quarter. Larson Financial Group LLC now owns 1,633 shares of the company’s stock worth $52,000 after buying an additional 295 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in First Trust Nasdaq Bank ETF by 284.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,365 shares of the company’s stock valued at $75,000 after buying an additional 1,750 shares during the period. Principal Securities Inc. raised its stake in First Trust Nasdaq Bank ETF by 215.5% in the fourth quarter. Principal Securities Inc. now owns 4,442 shares of the company’s stock valued at $141,000 after buying an additional 3,034 shares during the period. Finally, Concourse Financial Group Securities Inc. bought a new position in shares of First Trust Nasdaq Bank ETF during the 4th quarter worth approximately $156,000.

First Trust Nasdaq Bank ETF Trading Up 3.1 %

FTXO stock opened at $27.83 on Wednesday. First Trust Nasdaq Bank ETF has a 1-year low of $25.05 and a 1-year high of $35.58. The business’s 50 day simple moving average is $29.98 and its 200 day simple moving average is $31.78. The firm has a market capitalization of $207.33 million, a PE ratio of 10.44 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.1207 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, March 27th.

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.