First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Announces Dividend Increase – $0.26 Per Share

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) declared a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be given a dividend of 0.2572 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, June 25th. This is a 249.9% increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07.

First Trust Nasdaq Bank ETF Stock Up 0.5%

Shares of First Trust Nasdaq Bank ETF stock traded up $0.21 on Thursday, hitting $41.81. 219,003 shares of the company were exchanged, compared to its average volume of 688,428. The stock has a market capitalization of $353.29 million, a price-to-earnings ratio of 11.56 and a beta of 0.90. The company has a 50-day moving average price of $38.93 and a 200 day moving average price of $38.23. First Trust Nasdaq Bank ETF has a 1-year low of $32.48 and a 1-year high of $42.21.

First Trust Nasdaq Bank ETF Company 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.