First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Shares Down 4.3% – Here’s What Happened

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) shares dropped 4.3% during mid-day trading on Monday . The company traded as low as $59.75 and last traded at $59.95. Approximately 10,051 shares were traded during trading, a decline of 5% from the average daily volume of 10,627 shares. The stock had previously closed at $62.67.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 4.3%

The stock has a fifty day simple moving average of $59.85 and a two-hundred day simple moving average of $57.46. The firm has a market cap of $77.94 million, a PE ratio of 13.59 and a beta of 0.81.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.4886 per share. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.35. This represents a $1.95 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter valued at $73,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 178.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,257 shares of the company’s stock worth $128,000 after buying an additional 1,447 shares in the last quarter. Sound Income Strategies LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at $364,000. Jane Street Group LLC purchased a new position in First Trust NASDAQ ABA Community Bank Index Fund during the second quarter worth about $364,000. Finally, Cetera Investment Advisers grew its position in First Trust NASDAQ ABA Community Bank Index Fund by 86.3% during the second quarter. Cetera Investment Advisers now owns 11,552 shares of the company’s stock worth $626,000 after buying an additional 5,352 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.