First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Stock Price Down 0.7% – Should You Sell?

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) dropped 0.7% on Tuesday . The stock traded as low as $66.04 and last traded at $66.0950. Approximately 3,577 shares were traded during trading, a decline of 61% from the average session volume of 9,083 shares. The stock had previously closed at $66.57.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

The company has a market cap of $91.71 million, a PE ratio of 13.59 and a beta of 0.74. The firm has a fifty day simple moving average of $68.27 and a 200 day simple moving average of $64.25.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be issued a $0.3585 dividend. The ex-dividend date is Thursday, September 24th. This is a positive change from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.35. This represents a $1.43 dividend on an annualized basis and a yield of 2.2%.

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

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter valued at $753,000. Envestnet Asset Management Inc. acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the second quarter valued at $303,000. Waverly Advisors LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the first quarter valued at $204,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at about $75,000. Finally, Cetera Investment Advisers grew its position in 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 acquiring an additional 1,171 shares during the period.

About First Trust NASDAQ ABA Community Bank Index Fund

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.