First Trust Nasdaq Bank ETF $FTXO Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,781 shares of the company’s stock after selling 1,699 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.17% of First Trust Nasdaq Bank ETF worth $409,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF in the 1st quarter valued at about $216,000. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Nasdaq Bank ETF by 6.6% in the first quarter. Envestnet Asset Management Inc. now owns 357,224 shares of the company’s stock valued at $10,860,000 after acquiring an additional 22,207 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of First Trust Nasdaq Bank ETF by 13.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 86,657 shares of the company’s stock valued at $2,634,000 after acquiring an additional 10,295 shares during the period. NBC Securities Inc. grew its position in shares of First Trust Nasdaq Bank ETF by 23,200.0% during the first quarter. NBC Securities Inc. now owns 1,398 shares of the company’s stock worth $42,000 after acquiring an additional 1,392 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of First Trust Nasdaq Bank ETF by 14.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 115,993 shares of the company’s stock valued at $3,526,000 after acquiring an additional 14,413 shares during the period.

First Trust Nasdaq Bank ETF Price Performance

Shares of NASDAQ:FTXO opened at $35.30 on Tuesday. First Trust Nasdaq Bank ETF has a 1-year low of $25.05 and a 1-year high of $36.63. The stock has a market cap of $247.10 million, a P/E ratio of 11.56 and a beta of 1.11. The firm has a fifty day moving average price of $35.00 and a 200 day moving average price of $32.40.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.1688 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.68 annualized dividend and a dividend yield of 1.9%.

About First Trust Nasdaq Bank ETF

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.