World Investment Advisors Purchases 16,561 Shares of First Trust Nasdaq Bank ETF $FTXO

World Investment Advisors lifted its position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 47.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,789 shares of the company’s stock after purchasing an additional 16,561 shares during the quarter. World Investment Advisors owned 0.61% of First Trust Nasdaq Bank ETF worth $1,873,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of FTXO. NBC Securities Inc. raised its stake in shares of First Trust Nasdaq Bank ETF by 22.5% during the fourth quarter. NBC Securities Inc. now owns 1,636 shares of the company’s stock worth $62,000 after acquiring an additional 301 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in First Trust Nasdaq Bank ETF by 4.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,479 shares of the company’s stock valued at $313,000 after buying an additional 380 shares during the last quarter. Wagner Wealth Management LLC boosted its holdings in shares of First Trust Nasdaq Bank ETF by 0.4% during the fourth quarter. Wagner Wealth Management LLC now owns 158,509 shares of the company’s stock worth $5,990,000 after purchasing an additional 575 shares during the period. Tucker Asset Management LLC raised its holdings in First Trust Nasdaq Bank ETF by 44.4% in the 4th quarter. Tucker Asset Management LLC now owns 2,400 shares of the company’s stock worth $91,000 after purchasing an additional 738 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of First Trust Nasdaq Bank ETF by 2.1% in the 3rd quarter. IFP Advisors Inc now owns 40,768 shares of the company’s stock worth $1,452,000 after acquiring an additional 842 shares in the last quarter.

First Trust Nasdaq Bank ETF Stock Performance

Shares of NASDAQ FTXO opened at $42.24 on Wednesday. The company has a 50 day simple moving average of $39.46 and a two-hundred day simple moving average of $38.51. First Trust Nasdaq Bank ETF has a fifty-two week low of $32.57 and a fifty-two week high of $42.63. The company has a market capitalization of $308.35 million, a price-to-earnings ratio of 11.56 and a beta of 0.89.

First Trust Nasdaq Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.2572 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.4%.

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.