First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Announces Quarterly Dividend of $0.26

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.2572 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 249.9% increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07.

First Trust Nasdaq Bank ETF Stock Performance

Shares of NASDAQ FTXO traded up $0.21 during midday trading on Thursday, reaching $41.81. 219,003 shares of the stock were exchanged, compared to its average volume of 688,428. The stock has a market capitalization of $353.29 million, a P/E ratio of 11.56 and a beta of 0.90. The company has a 50 day simple moving average of $38.93 and a 200 day simple moving average of $38.23. First Trust Nasdaq Bank ETF has a twelve month low of $32.48 and a twelve month high of $42.21.

About First Trust Nasdaq Bank ETF

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.