First Trust Nasdaq Bank ETF (FTXO) to Issue Quarterly Dividend of $0.07 on March 31st

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) announced a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 26th will be paid a dividend of 0.0735 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, March 26th.

First Trust Nasdaq Bank ETF Price Performance

NASDAQ:FTXO opened at $35.75 on Friday. The firm’s 50-day moving average price is $37.82 and its 200-day moving average price is $36.69. The company has a market capitalization of $250.25 million, a PE ratio of 11.56 and a beta of 0.97. First Trust Nasdaq Bank ETF has a 1-year low of $25.05 and a 1-year high of $41.57.

Hedge Funds Weigh In On First Trust Nasdaq Bank ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Rossby Financial LCC boosted its position in shares of First Trust Nasdaq Bank ETF by 148.6% in the 3rd quarter. Rossby Financial LCC now owns 865 shares of the company’s stock worth $30,000 after purchasing an additional 517 shares in the last quarter. Comerica Bank bought a new position in First Trust Nasdaq Bank ETF during the 1st quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in First Trust Nasdaq Bank ETF during the 4th quarter valued at approximately $37,000. JPMorgan Chase & Co. purchased a new position in First Trust Nasdaq Bank ETF during the third quarter valued at $37,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in First Trust Nasdaq Bank ETF by 136.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,378 shares of the company’s stock worth $46,000 after acquiring an additional 794 shares in the last quarter.

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.