Janney Montgomery Scott LLC Purchases 2,144 Shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Janney Montgomery Scott LLC increased its position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,319 shares of the company’s stock after acquiring an additional 2,144 shares during the quarter. Janney Montgomery Scott LLC owned about 2.27% of First Trust Nasdaq Bank ETF worth $2,248,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FTXO. Larson Financial Group LLC grew its holdings in First Trust Nasdaq Bank ETF by 575.3% in the second 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 last quarter. Ashton Thomas Private Wealth LLC acquired a new position in First Trust Nasdaq Bank ETF during the 2nd quarter valued at about $48,000. International Assets Investment Management LLC purchased a new stake in First Trust Nasdaq Bank ETF in the second quarter valued at about $98,000. Cetera Advisors LLC raised its stake 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 valued at $773,000 after buying an additional 10,949 shares during the last quarter. Finally, PFG Advisors boosted its holdings in First Trust Nasdaq Bank ETF by 21.6% in the second quarter. PFG Advisors now owns 38,288 shares of the company’s stock worth $1,016,000 after acquiring an additional 6,809 shares in the last quarter.

First Trust Nasdaq Bank ETF Stock Down 0.2 %

FTXO opened at $33.98 on Wednesday. The company has a market cap of $115.53 million, a P/E ratio of 10.77 and a beta of 1.11. The firm’s 50-day moving average price is $29.90 and its 200-day moving average price is $28.27. First Trust Nasdaq Bank ETF has a 52-week low of $20.27 and a 52-week high of $34.35.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.1796 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.72 dividend on an annualized basis and a yield of 2.11%.

First Trust Nasdaq Bank ETF Company 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.