First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Trading 2.5% Higher – Should You Buy?

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA)’s share price traded up 2.5% on Monday . The stock traded as high as $54.07 and last traded at $53.83. 7,623 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 60,764 shares. The stock had previously closed at $52.54.

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

The company has a market cap of $117.41 million, a price-to-earnings ratio of 13.31 and a beta of 0.92. The firm has a 50-day moving average price of $55.73 and a 200 day moving average price of $56.05.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

A number of institutional investors and hedge funds have recently made changes to their positions in QABA. Stifel Financial Corp bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 3rd quarter valued at about $1,099,000. Virtu Financial LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 3rd quarter worth approximately $797,000. Signet Financial Management LLC raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 25.7% during the 4th quarter. Signet Financial Management LLC now owns 11,661 shares of the company’s stock valued at $648,000 after acquiring an additional 2,386 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter worth $389,000. Finally, Truist Financial Corp grew its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 6.3% in the fourth quarter. Truist Financial Corp now owns 36,604 shares of the company’s stock worth $2,033,000 after purchasing an additional 2,184 shares in the last quarter.

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.