TradeWell Securities LLC. Sells 15,862 Shares of First Trust Nasdaq Bank ETF $FTXO

TradeWell Securities LLC. trimmed its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 176,499 shares of the company’s stock after selling 15,862 shares during the period. First Trust Nasdaq Bank ETF makes up approximately 1.1% of TradeWell Securities LLC.’s investment portfolio, making the stock its 10th largest holding. TradeWell Securities LLC. owned 2.52% of First Trust Nasdaq Bank ETF worth $6,670,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Comerica Bank purchased a new position in First Trust Nasdaq Bank ETF in the 1st quarter worth about $28,000. NewEdge Advisors LLC increased its stake in First Trust Nasdaq Bank ETF by 784.3% in the 1st quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock worth $641,000 after purchasing an additional 18,691 shares in the last quarter. Benjamin Edwards Inc. increased its stake in First Trust Nasdaq Bank ETF by 21.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 45,491 shares of the company’s stock worth $1,503,000 after purchasing an additional 8,070 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in First Trust Nasdaq Bank ETF by 4.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,479 shares of the company’s stock worth $313,000 after purchasing an additional 380 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in First Trust Nasdaq Bank ETF by 602.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,397 shares of the company’s stock worth $443,000 after purchasing an additional 11,490 shares in the last quarter.

First Trust Nasdaq Bank ETF Trading Down 1.1%

Shares of NASDAQ FTXO opened at $38.14 on Thursday. First Trust Nasdaq Bank ETF has a one year low of $30.45 and a one year high of $41.57. The firm has a market capitalization of $322.28 million, a PE ratio of 11.56 and a beta of 0.92. The business has a 50-day moving average price of $37.58 and a two-hundred day moving average price of $37.58.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0735 per share. This represents a $0.29 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, March 26th.

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.