Traction Financial Partners LLC Takes Position in First Trust Nasdaq Bank ETF $FTXO

Traction Financial Partners LLC bought a new position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,663 shares of the company’s stock, valued at approximately $220,000. Traction Financial Partners LLC owned about 0.10% of First Trust Nasdaq Bank ETF at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Comerica Bank purchased a new stake in First Trust Nasdaq Bank ETF in the 1st quarter worth about $28,000. NBC Securities Inc. grew its stake in shares of First Trust Nasdaq Bank ETF by 23,200.0% during the first quarter. NBC Securities Inc. now owns 1,398 shares of the company’s stock valued at $42,000 after buying an additional 1,392 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in shares of First Trust Nasdaq Bank ETF in the first quarter worth approximately $61,000. Synergy Investment Management LLC purchased a new stake in shares of First Trust Nasdaq Bank ETF in the first quarter worth approximately $64,000. Finally, BlueChip Wealth Advisors LLC bought a new stake in shares of First Trust Nasdaq Bank ETF during the 1st quarter worth approximately $206,000.

First Trust Nasdaq Bank ETF Stock Down 0.1%

FTXO opened at $36.06 on Wednesday. The business has a fifty day moving average of $34.82 and a 200 day moving average of $32.02. The stock has a market cap of $247.01 million, a P/E ratio of 11.56 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 52-week low of $25.05 and a 52-week high of $36.63.

About First Trust Nasdaq Bank ETF

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.