Signature Equity Partners LLC Acquires 20,144 Shares of First Trust Nasdaq Bank ETF $FTXO

Signature Equity Partners LLC boosted its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 419.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 24,950 shares of the company’s stock after purchasing an additional 20,144 shares during the quarter. Signature Equity Partners LLC’s holdings in First Trust Nasdaq Bank ETF were worth $966,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of First Trust Nasdaq Bank ETF by 216.2% during the 1st quarter. Royal Bank of Canada now owns 297,436 shares of the company’s stock valued at $10,758,000 after buying an additional 203,378 shares during the last quarter. Bank of America Corp DE grew its position in shares of First Trust Nasdaq Bank ETF by 10.5% during the first quarter. Bank of America Corp DE now owns 288,154 shares of the company’s stock worth $10,423,000 after buying an additional 27,273 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust Nasdaq Bank ETF by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 203,170 shares of the company’s stock worth $8,397,000 after buying an additional 951 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of First Trust Nasdaq Bank ETF by 3.3% in the second quarter. NewEdge Advisors LLC now owns 154,964 shares of the company’s stock worth $6,405,000 after buying an additional 4,964 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in shares of First Trust Nasdaq Bank ETF in the first quarter worth $5,704,000.

First Trust Nasdaq Bank ETF Price Performance

FTXO opened at $40.35 on Tuesday. The stock has a market capitalization of $250.17 million, a PE ratio of 11.56 and a beta of 0.92. The firm’s fifty day moving average price is $40.18 and its 200 day moving average price is $39.58. First Trust Nasdaq Bank ETF has a 12-month low of $33.59 and a 12-month high of $44.12.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.84 annualized dividend and a yield of 2.1%. This is a decrease from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.2572.

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.