NewEdge Wealth LLC Trims Stock Holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

NewEdge Wealth LLC lowered its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 3.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 18,184 shares of the company’s stock after selling 695 shares during the quarter. NewEdge Wealth LLC’s holdings in First Trust Nasdaq Bank ETF were worth $459,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FTXO. Assetmark Inc. increased its position in shares of First Trust Nasdaq Bank ETF by 145.0% during the third quarter. Assetmark Inc. now owns 21,724 shares of the company’s stock worth $449,000 after acquiring an additional 12,856 shares during the period. Raymond James & Associates increased its holdings in First Trust Nasdaq Bank ETF by 14.8% during the 3rd quarter. Raymond James & Associates now owns 60,500 shares of the company’s stock worth $1,251,000 after purchasing an additional 7,779 shares during the period. Secure Asset Management LLC raised its position in First Trust Nasdaq Bank ETF by 64.2% during the 4th quarter. Secure Asset Management LLC now owns 434,708 shares of the company’s stock valued at $10,981,000 after purchasing an additional 170,041 shares in the last quarter. PFG Advisors purchased a new stake in shares of First Trust Nasdaq Bank ETF in the 4th quarter worth $346,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Trust Nasdaq Bank ETF in the 3rd quarter worth $344,000.

First Trust Nasdaq Bank ETF Trading Up 0.5 %

Shares of First Trust Nasdaq Bank ETF stock opened at $24.99 on Thursday. The stock’s fifty day moving average price is $25.66 and its 200-day moving average price is $23.83. The firm has a market cap of $104.94 million, a P/E ratio of 9.26 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 12 month low of $18.66 and a 12 month high of $27.14.

First Trust Nasdaq Bank ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.1069 per share. The ex-dividend date was Thursday, March 21st.

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.