Nilsine Partners LLC Has $1.32 Million Stock Position in First Trust Nasdaq Bank ETF $FTXO

Nilsine Partners LLC decreased its position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 31.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,843 shares of the company’s stock after selling 14,637 shares during the quarter. Nilsine Partners LLC owned 0.44% of First Trust Nasdaq Bank ETF worth $1,316,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Royal Bank of Canada grew its position in shares of First Trust Nasdaq Bank ETF by 216.2% during the 1st quarter. Royal Bank of Canada now owns 297,436 shares of the company’s stock valued at $10,758,000 after acquiring an additional 203,378 shares during the period. Arkadios Wealth Advisors purchased a new position in First Trust Nasdaq Bank ETF in the first quarter valued at approximately $5,704,000. NewEdge Advisors LLC lifted its stake in First Trust Nasdaq Bank ETF by 84.3% in the first quarter. NewEdge Advisors LLC now owns 150,000 shares of the company’s stock valued at $5,425,000 after purchasing an additional 68,593 shares during the last quarter. Wells Fargo & Company MN grew its holdings in First Trust Nasdaq Bank ETF by 17.1% during the fourth quarter. Wells Fargo & Company MN now owns 449,085 shares of the company’s stock valued at $16,970,000 after purchasing an additional 65,420 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in First Trust Nasdaq Bank ETF by 282.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 76,799 shares of the company’s stock worth $2,902,000 after buying an additional 56,699 shares during the last quarter.

First Trust Nasdaq Bank ETF Price Performance

Shares of NASDAQ FTXO opened at $42.58 on Monday. First Trust Nasdaq Bank ETF has a one year low of $32.90 and a one year high of $44.12. The business’s fifty day moving average price is $42.37 and its 200-day moving average price is $39.59. The stock has a market capitalization of $308.70 million, a PE ratio of 11.56 and a beta of 0.88.

First Trust Nasdaq Bank ETF Increases Dividend

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

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.