TradeWell Securities LLC. Has $6.65 Million Position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

TradeWell Securities LLC. decreased its holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 3.2% in the first quarter, Holdings Channel reports. The firm owned 218,597 shares of the company’s stock after selling 7,272 shares during the quarter. First Trust Nasdaq Bank ETF accounts for about 3.7% of TradeWell Securities LLC.’s portfolio, making the stock its 7th biggest position. TradeWell Securities LLC.’s holdings in First Trust Nasdaq Bank ETF were worth $6,645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FTXO. NBC Securities Inc. increased its holdings in shares of First Trust Nasdaq Bank ETF by 23,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,398 shares of the company’s stock worth $42,000 after purchasing an additional 1,392 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of First Trust Nasdaq Bank ETF by 22.0% in the 4th quarter. Larson Financial Group LLC now owns 1,633 shares of the company’s stock worth $52,000 after buying an additional 295 shares during the last quarter. Arlington Trust Co LLC purchased a new position in shares of First Trust Nasdaq Bank ETF in the 1st quarter worth $61,000. Synergy Investment Management LLC bought a new position in First Trust Nasdaq Bank ETF in the 1st quarter worth $64,000. Finally, Concourse Financial Group Securities Inc. bought a new position in First Trust Nasdaq Bank ETF in the 4th quarter worth $156,000.

First Trust Nasdaq Bank ETF Stock Performance

Shares of First Trust Nasdaq Bank ETF stock opened at $34.34 on Wednesday. First Trust Nasdaq Bank ETF has a one year low of $25.05 and a one year high of $35.58. The stock’s fifty day moving average is $31.59 and its 200 day moving average is $31.37. The stock has a market cap of $240.38 million, a P/E ratio of 11.56 and a beta of 1.11.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.2075 dividend. This is a boost from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.12. This represents a $0.83 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Thursday, June 26th.

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.