First Trust Nasdaq Bank ETF $FTXO Stake Decreased by Citadel Advisors LLC

Citadel Advisors LLC lessened its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 70.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 21,686 shares of the company’s stock after selling 50,907 shares during the quarter. Citadel Advisors LLC owned about 0.30% of First Trust Nasdaq Bank ETF worth $896,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Comerica Bank acquired a new position in shares of First Trust Nasdaq Bank ETF during the first quarter valued at approximately $28,000. Fifth Third Bancorp acquired a new position in shares of First Trust Nasdaq Bank ETF during the 1st quarter valued at $30,000. JPMorgan Chase & Co. bought a new stake in shares of First Trust Nasdaq Bank ETF in the 3rd quarter worth $37,000. Tucker Asset Management LLC raised its stake in shares of First Trust Nasdaq Bank ETF by 18.8% in the 2nd quarter. Tucker Asset Management LLC now owns 1,545 shares of the company’s stock worth $64,000 after buying an additional 245 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its holdings in shares of First Trust Nasdaq Bank ETF by 1,811.2% in the first quarter. Sound Income Strategies LLC now owns 2,045 shares of the company’s stock valued at $75,000 after buying an additional 1,938 shares during the period.

First Trust Nasdaq Bank ETF Stock Up 0.4%

NASDAQ:FTXO opened at $42.21 on Friday. The business’s 50-day moving average price is $42.41 and its 200 day moving average price is $39.68. The firm has a market cap of $301.80 million, a P/E ratio of 11.56 and a beta of 0.88. First Trust Nasdaq Bank ETF has a 52-week low of $32.90 and a 52-week high of $44.12.

First Trust Nasdaq Bank ETF Increases Dividend

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

First Trust Nasdaq Bank ETF Company Profile

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.