First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Shares Down 0.7% – Should You Sell?

Shares of First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as $66.04 and last traded at $66.0950. Approximately 3,577 shares were traded during trading, a decline of 61% from the average session volume of 9,083 shares. The stock had previously closed at $66.57.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

The company has a 50 day moving average of $68.32 and a two-hundred day moving average of $64.21. The stock has a market cap of $95.84 million, a PE ratio of 13.59 and a beta of 0.74.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.3497 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a yield of 2.1%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in QABA. Virtu Financial LLC purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at approximately $753,000. Waverly Advisors LLC purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter worth $204,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter worth $75,000. Cetera Investment Advisers raised its position in First Trust NASDAQ ABA Community Bank Index Fund by 13.0% during the first quarter. Cetera Investment Advisers now owns 10,182 shares of the company’s stock worth $593,000 after acquiring an additional 1,171 shares during the period. Finally, Merkkuri Wealth Advisors LLC purchased a new position in First Trust NASDAQ ABA Community Bank Index Fund during the first quarter valued at $59,000.

About First Trust NASDAQ ABA Community Bank Index Fund

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.