LPL Financial LLC Boosts Stock Position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

LPL Financial LLC boosted its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 102.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 526,603 shares of the company’s stock after purchasing an additional 267,124 shares during the period. LPL Financial LLC owned about 7.07% of First Trust Nasdaq Bank ETF worth $16,009,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Envestnet Asset Management Inc. bought a new stake in shares of First Trust Nasdaq Bank ETF during the 4th quarter valued at about $10,656,000. Wells Fargo & Company MN boosted its position in First Trust Nasdaq Bank ETF by 313.9% during the 4th quarter. Wells Fargo & Company MN now owns 284,113 shares of the company’s stock valued at $9,037,000 after acquiring an additional 215,465 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust Nasdaq Bank ETF during the 4th quarter worth approximately $4,311,000. Bank of America Corp DE raised its position in shares of First Trust Nasdaq Bank ETF by 79.8% in the 4th quarter. Bank of America Corp DE now owns 209,902 shares of the company’s stock worth $6,677,000 after acquiring an additional 93,149 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of First Trust Nasdaq Bank ETF by 457.8% in the 4th quarter. Cetera Investment Advisers now owns 111,062 shares of the company’s stock valued at $3,533,000 after purchasing an additional 91,152 shares during the period.

First Trust Nasdaq Bank ETF Stock Up 0.1%

NASDAQ FTXO opened at $33.24 on Wednesday. The firm has a market capitalization of $227.69 million, a PE ratio of 11.56 and a beta of 1.11. The stock’s 50 day moving average is $32.98 and its 200 day moving average is $31.63. First Trust Nasdaq Bank ETF has a twelve month low of $25.05 and a twelve month high of $35.58.

First Trust Nasdaq Bank ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.2075 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 2.5%. This is a boost from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.12.

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.