Envestnet Portfolio Solutions Inc. Sells 8,259 Shares of First Trust Nasdaq Bank ETF $FTXO

Posted by Lauren Steadman on Oct 22nd, 2025

Envestnet Portfolio Solutions Inc. lowered its stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO – Free Report) by 32.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,003 shares of the company’s stock after selling 8,259 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.25% of First Trust Nasdaq Bank ETF worth $562,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Comerica Bank bought a new position in First Trust Nasdaq Bank ETF in the first quarter valued at approximately $28,000. Arlington Trust Co LLC bought a new stake in shares of First Trust Nasdaq Bank ETF in the first quarter worth $61,000. Synergy Investment Management LLC bought a new stake in shares of First Trust Nasdaq Bank ETF in the first quarter worth $64,000. BlueChip Wealth Advisors LLC bought a new stake in shares of First Trust Nasdaq Bank ETF in the first quarter worth $206,000. Finally, Sigma Planning Corp bought a new stake in shares of First Trust Nasdaq Bank ETF in the first quarter worth $213,000.

First Trust Nasdaq Bank ETF Stock Down 0.2%

Shares of FTXO stock opened at $34.20 on Wednesday. The company’s fifty day simple moving average is $35.19 and its 200-day simple moving average is $32.72. The firm has a market cap of $237.69 million, a PE ratio of 11.56 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 12 month low of $25.05 and a 12 month high of $36.63.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.1688 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, September 25th.

About First Trust Nasdaq Bank ETF

(Free Report)

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.