World Investment Advisors Acquires 16,561 Shares of First Trust Nasdaq Bank ETF $FTXO

World Investment Advisors boosted its stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 47.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,789 shares of the company’s stock after purchasing an additional 16,561 shares during the period. World Investment Advisors’ holdings in First Trust Nasdaq Bank ETF were worth $1,873,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FTXO. Oppenheimer & Co. Inc. purchased a new stake in shares of First Trust Nasdaq Bank ETF in the fourth quarter worth $4,465,000. Holistic Financial Partners bought a new stake in shares of First Trust Nasdaq Bank ETF during the 4th quarter valued at $957,000. Beto Financial Group LLC purchased a new position in shares of First Trust Nasdaq Bank ETF during the 4th quarter valued at $526,000. Benjamin Edwards Inc. lifted its stake in shares of First Trust Nasdaq Bank ETF by 21.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 45,491 shares of the company’s stock valued at $1,503,000 after buying an additional 8,070 shares in the last quarter. Finally, Great Valley Advisor Group Inc. boosted its holdings in First Trust Nasdaq Bank ETF by 4.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,479 shares of the company’s stock worth $313,000 after buying an additional 380 shares during the period.

First Trust Nasdaq Bank ETF Trading Down 0.3%

NASDAQ:FTXO opened at $42.24 on Wednesday. First Trust Nasdaq Bank ETF has a 12-month low of $32.57 and a 12-month high of $42.63. The stock has a 50-day moving average price of $39.46 and a 200 day moving average price of $38.51. The stock has a market capitalization of $308.35 million, a P/E ratio of 11.56 and a beta of 0.89.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.2572 dividend. This is a boost from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07. This represents a $1.03 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, June 25th.

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.