Secure Asset Management LLC Sells 48,125 Shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Secure Asset Management LLC reduced its position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 17.0% during the third quarter, HoldingsChannel reports. The fund owned 234,152 shares of the company’s stock after selling 48,125 shares during the quarter. First Trust Nasdaq Bank ETF comprises 1.1% of Secure Asset Management LLC’s holdings, making the stock its 13th biggest position. Secure Asset Management LLC owned approximately 0.06% of First Trust Nasdaq Bank ETF worth $6,809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTXO. Larson Financial Group LLC raised its stake in First Trust Nasdaq Bank ETF by 575.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,337 shares of the company’s stock valued at $35,000 after acquiring an additional 1,139 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of First Trust Nasdaq Bank ETF during the second quarter valued at about $48,000. International Assets Investment Management LLC bought a new stake in shares of First Trust Nasdaq Bank ETF during the second quarter valued at about $98,000. Cetera Advisors LLC increased its position in shares of First Trust Nasdaq Bank ETF by 62.5% during the first quarter. Cetera Advisors LLC now owns 28,473 shares of the company’s stock valued at $773,000 after buying an additional 10,949 shares during the period. Finally, PFG Advisors increased its position in shares of First Trust Nasdaq Bank ETF by 130.1% during the first quarter. PFG Advisors now owns 31,479 shares of the company’s stock valued at $854,000 after buying an additional 17,800 shares during the period.

First Trust Nasdaq Bank ETF Stock Up 0.7 %

Shares of FTXO opened at $31.18 on Friday. The business’s 50-day moving average price is $28.82 and its 200-day moving average price is $27.53. First Trust Nasdaq Bank ETF has a twelve month low of $18.94 and a twelve month high of $31.29. The stock has a market cap of $115.36 million, a PE ratio of 10.77 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1796 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Thursday, September 26th.

First Trust Nasdaq Bank ETF 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.