Assetmark Inc. Sells 22,416 Shares of First Trust Nasdaq Bank ETF $FTXO

Assetmark Inc. decreased its stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 21.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,860 shares of the company’s stock after selling 22,416 shares during the quarter. Assetmark Inc. owned approximately 0.95% of First Trust Nasdaq Bank ETF worth $2,889,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Comerica Bank purchased a new stake in First Trust Nasdaq Bank ETF in the 1st quarter worth approximately $28,000. Fifth Third Bancorp purchased a new position in First Trust Nasdaq Bank ETF during the first quarter valued at approximately $30,000. JPMorgan Chase & Co. bought a new position in shares of First Trust Nasdaq Bank ETF in the third quarter worth approximately $37,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in First Trust Nasdaq Bank ETF in the 4th quarter worth $37,000. Finally, NBC Securities Inc. boosted its holdings in First Trust Nasdaq Bank ETF by 22.5% in the 4th quarter. NBC Securities Inc. now owns 1,636 shares of the company’s stock worth $62,000 after buying an additional 301 shares during the period.

First Trust Nasdaq Bank ETF Stock Performance

Shares of FTXO stock opened at $42.11 on Friday. The stock has a fifty day simple moving average of $40.38 and a two-hundred day simple moving average of $38.83. The firm has a market capitalization of $303.19 million, a PE ratio of 11.56 and a beta of 0.89. First Trust Nasdaq Bank ETF has a 52-week low of $32.57 and a 52-week high of $43.21.

First Trust Nasdaq Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.2572 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, June 25th.

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.