NewEdge Advisors LLC Reduces Holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

NewEdge Advisors LLC lessened its holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 87.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,383 shares of the company’s stock after selling 17,287 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Nasdaq Bank ETF were worth $76,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Sherman Asset Management Inc. acquired a new stake in First Trust Nasdaq Bank ETF during the 4th quarter valued at $28,000. Larson Financial Group LLC boosted its stake in shares of First Trust Nasdaq Bank ETF by 22.0% during the fourth quarter. Larson Financial Group LLC now owns 1,633 shares of the company’s stock valued at $52,000 after acquiring an additional 295 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in First Trust Nasdaq Bank ETF by 284.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,365 shares of the company’s stock worth $75,000 after purchasing an additional 1,750 shares in the last quarter. Principal Securities Inc. raised its stake in First Trust Nasdaq Bank ETF by 215.5% in the 4th quarter. Principal Securities Inc. now owns 4,442 shares of the company’s stock valued at $141,000 after purchasing an additional 3,034 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in First Trust Nasdaq Bank ETF in the 4th quarter valued at about $238,000.

First Trust Nasdaq Bank ETF Price Performance

Shares of NASDAQ FTXO opened at $30.05 on Friday. The company has a 50-day simple moving average of $29.26 and a 200-day simple moving average of $31.74. The company has a market cap of $223.87 million, a PE ratio of 11.06 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 12 month low of $25.05 and a 12 month high of $35.58.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.1207 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.48 annualized dividend and a yield of 1.61%.

First Trust Nasdaq Bank ETF 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.