First Trust Nasdaq Bank ETF $FTXO Shares Acquired by Royal Bank of Canada

Royal Bank of Canada boosted its holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 216.2% in the first quarter, HoldingsChannel.com reports. The firm owned 297,436 shares of the company’s stock after buying an additional 203,378 shares during the quarter. Royal Bank of Canada’s holdings in First Trust Nasdaq Bank ETF were worth $10,758,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in First Trust Nasdaq Bank ETF by 17.1% in the fourth quarter. Wells Fargo & Company MN now owns 449,085 shares of the company’s stock valued at $16,970,000 after purchasing an additional 65,420 shares during the last quarter. Bank of America Corp DE lifted its position in shares of First Trust Nasdaq Bank ETF by 29.6% during the 3rd quarter. Bank of America Corp DE now owns 204,787 shares of the company’s stock worth $7,292,000 after buying an additional 46,736 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of First Trust Nasdaq Bank ETF by 22.6% in the 3rd quarter. Raymond James Financial Inc. now owns 198,974 shares of the company’s stock valued at $7,085,000 after buying an additional 36,648 shares in the last quarter. Wagner Wealth Management LLC boosted its holdings in shares of First Trust Nasdaq Bank ETF by 0.4% in the 4th quarter. Wagner Wealth Management LLC now owns 158,509 shares of the company’s stock valued at $5,990,000 after buying an additional 575 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of First Trust Nasdaq Bank ETF in the 4th quarter valued at $4,465,000.

First Trust Nasdaq Bank ETF Price Performance

NASDAQ FTXO opened at $42.91 on Friday. First Trust Nasdaq Bank ETF has a 12 month low of $32.84 and a 12 month high of $43.71. The company has a market capitalization of $311.10 million, a price-to-earnings ratio of 11.56 and a beta of 0.89. The firm’s fifty day moving average price is $41.43 and its 200 day moving average price is $39.14.

First Trust Nasdaq Bank ETF Increases Dividend

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