HBW Advisory Services LLC Has $48,000 Stock Holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

HBW Advisory Services LLC increased its position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO – Get Rating) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,366 shares of the company’s stock after buying an additional 1,352 shares during the quarter. HBW Advisory Services LLC owned 0.25% of First Trust Nasdaq Bank ETF worth $48,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FTXO. Credit Suisse AG lifted its stake in First Trust Nasdaq Bank ETF by 415.4% during the third quarter. Credit Suisse AG now owns 3,948 shares of the company’s stock worth $102,000 after purchasing an additional 3,182 shares during the period. Concourse Financial Group Securities Inc. lifted its stake in First Trust Nasdaq Bank ETF by 13.5% during the second quarter. Concourse Financial Group Securities Inc. now owns 3,994 shares of the company’s stock worth $104,000 after purchasing an additional 476 shares during the period. J.W. Cole Advisors Inc. bought a new position in First Trust Nasdaq Bank ETF during the third quarter worth about $217,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of First Trust Nasdaq Bank ETF by 8.9% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 9,500 shares of the company’s stock valued at $246,000 after acquiring an additional 775 shares during the last quarter. Finally, PCG Wealth Advisors LLC bought a new position in shares of First Trust Nasdaq Bank ETF in the third quarter valued at approximately $264,000.

First Trust Nasdaq Bank ETF Trading Down 5.2 %

NASDAQ:FTXO opened at $20.42 on Friday. First Trust Nasdaq Bank ETF has a 1 year low of $20.15 and a 1 year high of $34.36. The firm has a 50 day moving average of $27.30 and a 200-day moving average of $27.34. The stock has a market capitalization of $164.38 million, a P/E ratio of 9.90 and a beta of 1.14.

First Trust Nasdaq Bank ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Tuesday, December 27th were paid a $0.242 dividend. The ex-dividend date was Friday, December 23rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.74%. This is a boost from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.21.

First Trust Nasdaq Bank ETF Profile

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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.