First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Shares Up 1.6% – Here’s What Happened

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) shot up 1.6% on Thursday. The company traded as high as $64.61 and last traded at $64.6150. 6,200 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 8,545 shares. The stock had previously closed at $63.62.

First Trust NASDAQ ABA Community Bank Index Fund Stock Up 1.6%

The firm has a market cap of $84.00 million, a price-to-earnings ratio of 13.59 and a beta of 0.77. The business has a 50 day moving average of $66.88 and a 200 day moving average of $65.10.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.3585 dividend. This represents a $1.43 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.3497.

Institutional Investors Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

Hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the second quarter worth approximately $34,000. Merkkuri Wealth Advisors LLC purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter worth approximately $59,000. Cetera Investment Advisers grew its stake in First Trust NASDAQ ABA Community Bank Index Fund by 13.0% in the 1st quarter. Cetera Investment Advisers now owns 10,182 shares of the company’s stock worth $593,000 after acquiring an additional 1,171 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter worth approximately $75,000. Finally, Waverly Advisors LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter valued at $204,000.

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.