First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Stock Price Down 0.2% – Should You Sell?

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) was down 0.2% during mid-day trading on Monday . The stock traded as low as $53.80 and last traded at $54.35. Approximately 3,394 shares traded hands during trading, a decline of 94% from the average daily volume of 52,378 shares. The stock had previously closed at $54.44.

First Trust NASDAQ ABA Community Bank Index Fund Stock Down 0.2%

The company has a 50 day simple moving average of $51.00 and a 200-day simple moving average of $55.28. The stock has a market cap of $108.70 million, a price-to-earnings ratio of 12.92 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.3069 per share. This is a positive change from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.28. This represents a $1.23 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, March 27th.

Hedge Funds Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

Several large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter worth $2,012,000. Raymond James Financial Inc. acquired a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter worth about $862,000. Wells Fargo & Company MN raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 178.2% during the fourth quarter. Wells Fargo & Company MN now owns 109,794 shares of the company’s stock worth $6,099,000 after acquiring an additional 70,324 shares during the period. Mach 1 Financial Group LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth about $229,000. Finally, LPL Financial LLC boosted its stake in First Trust NASDAQ ABA Community Bank Index Fund by 79.2% in the fourth quarter. LPL Financial LLC now owns 151,165 shares of the company’s stock valued at $8,398,000 after acquiring an additional 66,817 shares during the period.

First Trust NASDAQ ABA Community Bank Index Fund Company Profile

The First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund that is based on the NASDAQ OMX ABA Community Bank index. The fund tracks an index of NASDAQ-listed banks and thrifts, excluding the 50 largest. QABA was launched on Jun 29, 2009 and is managed by First Trust.