BNP Paribas Financial Markets Invests $1.59 Million in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

BNP Paribas Financial Markets purchased a new position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 50,000 shares of the company’s stock, valued at approximately $1,590,000. BNP Paribas Financial Markets owned about 0.73% of First Trust Nasdaq Bank ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Sherman Asset Management Inc. bought a new stake in First Trust Nasdaq Bank ETF in the 4th quarter valued at about $28,000. Larson Financial Group LLC lifted its position in First Trust Nasdaq Bank ETF by 22.0% in the 4th quarter. Larson Financial Group LLC now owns 1,633 shares of the company’s stock valued at $52,000 after purchasing an additional 295 shares during the last quarter. Principal Securities Inc. lifted its position 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. Concourse Financial Group Securities Inc. bought a new stake in First Trust Nasdaq Bank ETF in the 4th quarter valued at about $156,000. Finally, Sanctuary Advisors LLC bought a new stake in First Trust Nasdaq Bank ETF in the 4th quarter valued at about $317,000.

First Trust Nasdaq Bank ETF Price Performance

Shares of NASDAQ:FTXO opened at $31.92 on Monday. The company has a market cap of $237.80 million, a PE ratio of 11.06 and a beta of 1.11. The company’s 50-day moving average price is $29.17 and its 200 day moving average price is $31.76. First Trust Nasdaq Bank ETF has a fifty-two week low of $25.05 and a fifty-two week high of $35.58.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.1207 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.48 annualized dividend and a yield of 1.51%.

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.