Nilsine Partners LLC Buys 2,579 Shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Nilsine Partners LLC lifted its stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,068 shares of the company’s stock after purchasing an additional 2,579 shares during the quarter. Nilsine Partners LLC owned 0.51% of First Trust Nasdaq Bank ETF worth $1,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. acquired a new stake in First Trust Nasdaq Bank ETF during the 4th quarter worth approximately $10,656,000. Wells Fargo & Company MN boosted its position in First Trust Nasdaq Bank ETF by 313.9% during the 4th quarter. Wells Fargo & Company MN now owns 284,113 shares of the company’s stock worth $9,037,000 after buying an additional 215,465 shares during the period. Raymond James Financial Inc. acquired a new stake in First Trust Nasdaq Bank ETF during the 4th quarter worth approximately $4,311,000. Assetmark Inc. boosted its position in First Trust Nasdaq Bank ETF by 24,112.3% during the 4th quarter. Assetmark Inc. now owns 110,408 shares of the company’s stock worth $3,512,000 after buying an additional 109,952 shares during the period. Finally, Bank of America Corp DE boosted its position in First Trust Nasdaq Bank ETF by 79.8% during the 4th quarter. Bank of America Corp DE now owns 209,902 shares of the company’s stock worth $6,677,000 after buying an additional 93,149 shares during the period.

First Trust Nasdaq Bank ETF Price Performance

NASDAQ:FTXO opened at $31.51 on Friday. The firm’s 50 day simple moving average is $30.25 and its 200 day simple moving average is $31.33. First Trust Nasdaq Bank ETF has a one year low of $25.05 and a one year high of $35.58. The company has a market cap of $234.75 million, a PE ratio of 11.93 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1207 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.48 annualized dividend and a yield of 1.53%.

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.