Harbour Investments Inc. Grows Stake in First Trust Nasdaq Bank ETF $FTXO

Harbour Investments Inc. boosted its stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXOFree Report) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,762 shares of the company’s stock after purchasing an additional 491 shares during the period. Harbour Investments Inc. owned about 0.16% of First Trust Nasdaq Bank ETF worth $355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FTXO. Comerica Bank purchased a new position in First Trust Nasdaq Bank ETF during the first quarter valued at $28,000. Arlington Trust Co LLC purchased a new position in First Trust Nasdaq Bank ETF during the first quarter valued at $61,000. Synergy Investment Management LLC purchased a new position in First Trust Nasdaq Bank ETF during the first quarter valued at $64,000. BlueChip Wealth Advisors LLC purchased a new position in First Trust Nasdaq Bank ETF during the first quarter valued at $206,000. Finally, Sigma Planning Corp purchased a new position in First Trust Nasdaq Bank ETF during the first quarter valued at $213,000.

First Trust Nasdaq Bank ETF Stock Performance

NASDAQ FTXO opened at $34.26 on Tuesday. The company has a market capitalization of $238.11 million, a PE ratio of 11.56 and a beta of 1.11. The business’s fifty day moving average is $35.19 and its 200 day moving average is $32.71. First Trust Nasdaq Bank ETF has a fifty-two week low of $25.05 and a fifty-two week high of $36.63.

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 issued a dividend of $0.1688 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%.

First Trust Nasdaq Bank ETF Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

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