Signature Equity Partners LLC Sells 15,337 Shares of First Trust Nasdaq Bank ETF $FTXO

Signature Equity Partners LLC decreased its position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 72.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 5,836 shares of the company’s stock after selling 15,337 shares during the period. Signature Equity Partners LLC’s holdings in First Trust Nasdaq Bank ETF were worth $211,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Comerica Bank acquired a new position in First Trust Nasdaq Bank ETF in the first quarter valued at about $28,000. NewEdge Advisors LLC increased its holdings in shares of First Trust Nasdaq Bank ETF by 784.3% in the first quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock worth $641,000 after acquiring an additional 18,691 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of First Trust Nasdaq Bank ETF by 21.6% during the second 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 during the period. Great Valley Advisor Group Inc. raised its position in shares of First Trust Nasdaq Bank ETF by 4.2% during the second 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 during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of First Trust Nasdaq Bank ETF by 602.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,397 shares of the company’s stock valued at $443,000 after purchasing an additional 11,490 shares in the last quarter.

First Trust Nasdaq Bank ETF Price Performance

NASDAQ:FTXO opened at $42.11 on Friday. The business’s 50-day simple moving average is $40.38 and its 200-day simple moving average is $38.83. First Trust Nasdaq Bank ETF has a fifty-two week low of $32.57 and a fifty-two week high of $43.21. The stock has a market capitalization of $303.19 million, a PE ratio of 11.56 and a beta of 0.89.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.2572 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07. This represents a $1.03 dividend on an annualized basis and a yield of 2.4%.

First Trust Nasdaq Bank ETF Company 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.