DAVENPORT & Co LLC Takes Position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

DAVENPORT & Co LLC acquired a new position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 15,623 shares of the company’s stock, valued at approximately $497,000.

Other large investors have also recently bought and sold shares of the company. Wagner Wealth Management LLC raised its stake in shares of First Trust Nasdaq Bank ETF by 0.6% in the third quarter. Wagner Wealth Management LLC now owns 167,065 shares of the company’s stock worth $4,858,000 after purchasing an additional 915 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Nasdaq Bank ETF by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 77,319 shares of the company’s stock worth $2,248,000 after acquiring an additional 2,144 shares during the period. Tyler Stone Wealth Management raised its position in shares of First Trust Nasdaq Bank ETF by 68.1% in the third quarter. Tyler Stone Wealth Management now owns 7,882 shares of the company’s stock worth $229,000 after buying an additional 3,193 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of First Trust Nasdaq Bank ETF by 7.9% in the third quarter. D.A. Davidson & CO. now owns 8,154 shares of the company’s stock worth $237,000 after buying an additional 600 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of First Trust Nasdaq Bank ETF in the third quarter worth $271,000.

First Trust Nasdaq Bank ETF Stock Performance

Shares of FTXO stock opened at $34.49 on Friday. First Trust Nasdaq Bank ETF has a 52-week low of $23.73 and a 52-week high of $35.58. The company has a market capitalization of $236.26 million, a PE ratio of 10.77 and a beta of 1.11. The business’s fifty day moving average is $33.17 and its 200 day moving average is $31.12.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.1864 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.