First Trust Nasdaq Bank ETF $FTXO Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC cut its stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 70.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,686 shares of the company’s stock after selling 50,907 shares during the period. Citadel Advisors LLC’s holdings in First Trust Nasdaq Bank ETF were worth $896,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Comerica Bank acquired a new position in shares of First Trust Nasdaq Bank ETF in the 1st quarter valued at $28,000. Fifth Third Bancorp acquired a new stake in First Trust Nasdaq Bank ETF during the 1st quarter worth about $30,000. JPMorgan Chase & Co. acquired a new stake in First Trust Nasdaq Bank ETF during the 3rd quarter worth about $37,000. Tucker Asset Management LLC lifted its stake in First Trust Nasdaq Bank ETF by 18.8% during the second quarter. Tucker Asset Management LLC now owns 1,545 shares of the company’s stock valued at $64,000 after buying an additional 245 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of First Trust Nasdaq Bank ETF by 1,811.2% in the first quarter. Sound Income Strategies LLC now owns 2,045 shares of the company’s stock worth $75,000 after buying an additional 1,938 shares during the period.

First Trust Nasdaq Bank ETF Price Performance

Shares of FTXO opened at $42.21 on Friday. The company has a 50-day moving average of $42.41 and a two-hundred day moving average of $39.68. The stock has a market cap of $301.80 million, a price-to-earnings ratio of 11.56 and a beta of 0.88. First Trust Nasdaq Bank ETF has a one year low of $32.90 and a one year high of $44.12.

First Trust Nasdaq Bank ETF Increases Dividend

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

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.