OneAscent Financial Services LLC purchased 9,465 shares of First Trust Nasdaq Bank ETF in the second quarter, according to its recent Form 13F filing with the Securities & Exchange Commission. The value of the shares acquired is approximately $201,000. This new stake represents about 0.15% ownership of the ETF by OneAscent Financial Services LLC.
Other large investors have also made moves with regard to First Trust Nasdaq Bank ETF. Gateway Wealth Partners LLC increased their holdings by 10.4% during the first quarter. PNC Financial Services Group Inc., JPMorgan Chase & Co., Belpointe Asset Management LLC, and Moors & Cabot Inc. all bought new positions in the ETF during the fourth quarter. Moors & Cabot Inc. also raised its stake in the ETF by 16.9% in the first quarter.
Despite these investments, First Trust Nasdaq Bank ETF saw a decrease in trading of 0.7% recently. The ETF opened at $21.61 on Friday and has a market cap of $130.74 million. It has a PE ratio of 9.26 and a beta of 1.11. The 12-month low for the ETF is $18.66 and the high is $29.62. The 50-day moving average price is $22.34 and the 200-day moving average price is $21.38.
In addition, First Trust Nasdaq Bank ETF has increased its quarterly dividend. Stockholders of record on June 28th were paid a dividend of $0.2506 per share, representing an annualized dividend of $1.00 and a dividend yield of 4.64%. This is an increase from the previous quarterly dividend of $0.14, with the ex-dividend date on June 27th.
The First Trust Nasdaq Bank ETF (FTXO) is an exchange-traded fund that tracks the NASDAQ US Banks index. It focuses on the most liquid US banking companies, selecting holdings based on liquidity and weighted by volatility, value, and growth factors. FTXO was launched on September 20, 2016, and is managed by First Trust.
Sources: Securities & Exchange Commission, MarketBeat.com