First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Shares Down 2.3% – Here’s What Happened

Shares of First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) traded down 2.3% during trading on Thursday. The stock traded as low as $66.91 and last traded at $66.9310. 3,625 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 8,348 shares. The stock had previously closed at $68.52.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

The stock has a market capitalization of $87.15 million, a price-to-earnings ratio of 13.59 and a beta of 0.78. The company has a 50-day moving average of $66.17 and a 200-day moving average of $63.98.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.3585 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.3497. This represents a $1.43 annualized dividend and a yield of 2.1%.

Hedge Funds Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

A number of institutional investors have recently made changes to their positions in the stock. Private Advisory Group LLC purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the 3rd quarter worth about $825,000. Commonwealth Equity Services LLC purchased a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 3rd quarter valued at about $327,000. Envestnet Asset Management Inc. purchased a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at about $303,000. Waverly Advisors LLC acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund during the 1st quarter worth about $204,000. Finally, Cetera Investment Advisers boosted its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 13.0% during the 1st quarter. Cetera Investment Advisers now owns 10,182 shares of the company’s stock worth $593,000 after purchasing an additional 1,171 shares during the last quarter.

About First Trust NASDAQ ABA Community Bank Index Fund

The First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund that is based on the NASDAQ OMX ABA Community Bank index. The fund tracks an index of NASDAQ-listed banks and thrifts, excluding the 50 largest. QABA was launched on Jun 29, 2009 and is managed by First Trust.