Oppenheimer & Co. Inc. Invests $4.47 Million in First Trust Nasdaq Bank ETF $FTXO

Oppenheimer & Co. Inc. purchased a new position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 118,163 shares of the company’s stock, valued at approximately $4,465,000.

A number of other large investors also recently made changes to their positions in FTXO. Comerica Bank purchased a new position in shares of First Trust Nasdaq Bank ETF during the 1st quarter worth $28,000. NewEdge Advisors LLC lifted its stake in shares of First Trust Nasdaq Bank ETF by 784.3% during the 1st quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock worth $641,000 after purchasing an additional 18,691 shares during the period. 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 worth $1,503,000 after purchasing an additional 8,070 shares during the period. Great Valley Advisor Group Inc. lifted its stake in shares of First Trust Nasdaq Bank ETF by 4.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,479 shares of the company’s stock worth $313,000 after purchasing an additional 380 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of First Trust Nasdaq Bank ETF by 602.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,397 shares of the company’s stock worth $443,000 after purchasing an additional 11,490 shares during the period.

First Trust Nasdaq Bank ETF Stock Down 0.7%

Shares of First Trust Nasdaq Bank ETF stock opened at $38.95 on Friday. First Trust Nasdaq Bank ETF has a fifty-two week low of $29.59 and a fifty-two week high of $41.57. The firm has a market cap of $329.13 million, a PE ratio of 11.56 and a beta of 0.92. The business’s fifty day moving average is $37.22 and its two-hundred day moving average is $37.14.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0735 per share. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, March 26th.

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.