First Trust Nasdaq Bank ETF $FTXO Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,053 shares of the company’s stock after selling 8,940 shares during the period. Janney Montgomery Scott LLC owned approximately 1.55% of First Trust Nasdaq Bank ETF worth $3,536,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. HBW Advisory Services LLC raised its stake in shares of First Trust Nasdaq Bank ETF by 5.7% in the second quarter. HBW Advisory Services LLC now owns 7,888 shares of the company’s stock valued at $261,000 after acquiring an additional 427 shares in the last quarter. Comerica Bank acquired a new position in shares of First Trust Nasdaq Bank ETF during the 1st quarter worth about $28,000. Bank of New York Mellon Corp grew its holdings in shares of First Trust Nasdaq Bank ETF by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 37,123 shares of the company’s stock worth $1,129,000 after purchasing an additional 1,126 shares during the last quarter. NBC Securities Inc. grew its holdings 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 purchasing an additional 1,392 shares during the last quarter. Finally, OneAscent Financial Services LLC grew its holdings in shares of First Trust Nasdaq Bank ETF by 6.8% during the first quarter. OneAscent Financial Services LLC now owns 21,846 shares of the company’s stock worth $664,000 after buying an additional 1,398 shares during the last quarter.

First Trust Nasdaq Bank ETF Stock Down 1.1%

NASDAQ FTXO opened at $34.76 on Thursday. The firm has a market cap of $243.32 million, a P/E ratio of 11.56 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 52-week low of $25.05 and a 52-week high of $36.63. The business’s 50-day moving average price is $35.03 and its 200 day moving average price is $32.44.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a $0.1688 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.68 dividend on an annualized basis and a 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.