Sherman Asset Management Inc. Acquires Shares of 870 First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Sherman Asset Management Inc. acquired a new stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 870 shares of the company’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $1,145,000. Atria Wealth Solutions Inc. purchased a new stake in First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $551,000. Truist Financial Corp purchased a new stake in First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $2,418,000. Sanctuary Advisors LLC purchased a new stake in First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $317,000. Finally, Principal Securities Inc. lifted its stake in First Trust Nasdaq Bank ETF by 215.5% in the fourth quarter. Principal Securities Inc. now owns 4,442 shares of the company’s stock valued at $141,000 after buying an additional 3,034 shares during the last quarter.

First Trust Nasdaq Bank ETF Price Performance

First Trust Nasdaq Bank ETF stock opened at $33.20 on Monday. First Trust Nasdaq Bank ETF has a 12 month low of $24.72 and a 12 month high of $35.58. The business has a 50 day simple moving average of $33.22 and a 200-day simple moving average of $31.76. The stock has a market capitalization of $227.42 million, a PE ratio of 10.77 and a beta of 1.11.

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 issued a dividend of $0.1864 per share. The ex-dividend date 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.