First Trust Nasdaq Bank ETF $FTXO Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,926 shares of the company’s stock after selling 940 shares during the quarter. IFP Advisors Inc owned about 0.58% of First Trust Nasdaq Bank ETF worth $1,319,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. LPL Financial LLC increased its stake in shares of First Trust Nasdaq Bank ETF by 102.9% during the first quarter. LPL Financial LLC now owns 526,603 shares of the company’s stock valued at $16,009,000 after acquiring an additional 267,124 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of First Trust Nasdaq Bank ETF by 6.6% during the first quarter. Envestnet Asset Management Inc. now owns 357,224 shares of the company’s stock valued at $10,860,000 after acquiring an additional 22,207 shares during the period. Raymond James Financial Inc. increased its stake in shares of First Trust Nasdaq Bank ETF by 82.4% during the first quarter. Raymond James Financial Inc. now owns 247,167 shares of the company’s stock valued at $7,514,000 after acquiring an additional 111,644 shares during the period. Wagner Wealth Management LLC increased its stake in shares of First Trust Nasdaq Bank ETF by 5.0% during the second quarter. Wagner Wealth Management LLC now owns 166,630 shares of the company’s stock valued at $5,504,000 after acquiring an additional 7,911 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of First Trust Nasdaq Bank ETF by 19.4% during the first quarter. Cetera Investment Advisers now owns 132,570 shares of the company’s stock valued at $4,030,000 after acquiring an additional 21,508 shares during the period.

First Trust Nasdaq Bank ETF Price Performance

NASDAQ FTXO opened at $33.47 on Monday. The firm has a market capitalization of $234.29 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. The company’s 50 day simple moving average is $35.06 and its 200 day simple moving average is $32.50.

First Trust Nasdaq Bank ETF Cuts Dividend

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

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.