HBW Advisory Services LLC Sells 31,910 Shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

HBW Advisory Services LLC decreased its stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 81.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,462 shares of the company’s stock after selling 31,910 shares during the period. HBW Advisory Services LLC’s holdings in First Trust Nasdaq Bank ETF were worth $217,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. PFG Advisors raised its stake in shares of First Trust Nasdaq Bank ETF by 21.6% during the 2nd quarter. PFG Advisors now owns 38,288 shares of the company’s stock worth $1,016,000 after purchasing an additional 6,809 shares during the period. Cetera Advisors LLC raised its position in First Trust Nasdaq Bank ETF by 62.5% in the first quarter. Cetera Advisors LLC now owns 28,473 shares of the company’s stock worth $773,000 after acquiring an additional 10,949 shares during the period. International Assets Investment Management LLC bought a new position in shares of First Trust Nasdaq Bank ETF during the 2nd quarter valued at approximately $98,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of First Trust Nasdaq Bank ETF during the 2nd quarter worth approximately $48,000. Finally, Larson Financial Group LLC raised its holdings in shares of First Trust Nasdaq Bank ETF by 575.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,337 shares of the company’s stock worth $35,000 after purchasing an additional 1,139 shares during the period.

First Trust Nasdaq Bank ETF Trading Up 2.5 %

Shares of NASDAQ FTXO opened at $28.93 on Friday. The stock has a fifty day simple moving average of $28.56 and a two-hundred day simple moving average of $27.35. First Trust Nasdaq Bank ETF has a 1-year low of $18.94 and a 1-year high of $30.06. The firm has a market cap of $108.49 million, a price-to-earnings ratio of 10.77 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1796 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.48%.

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.