Oppenheimer & Co. Inc. Invests $4.47 Million in First Trust Nasdaq Bank ETF $FTXO

Oppenheimer & Co. Inc. bought a new position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 118,163 shares of the company’s stock, valued at approximately $4,465,000. Oppenheimer & Co. Inc. owned approximately 1.68% of First Trust Nasdaq Bank ETF at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rossby Financial LCC raised its stake in shares of First Trust Nasdaq Bank ETF by 148.6% during the 3rd quarter. Rossby Financial LCC now owns 865 shares of the company’s stock worth $30,000 after buying an additional 517 shares in the last quarter. Comerica Bank purchased a new position in shares of First Trust Nasdaq Bank ETF during the 1st quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of First Trust Nasdaq Bank ETF during the 4th quarter worth approximately $37,000. JPMorgan Chase & Co. purchased a new position in shares of First Trust Nasdaq Bank ETF during the 3rd quarter worth approximately $37,000. Finally, NBC Securities Inc. raised its stake in shares of First Trust Nasdaq Bank ETF by 22.5% during the 4th quarter. NBC Securities Inc. now owns 1,636 shares of the company’s stock worth $62,000 after buying an additional 301 shares in the last quarter.

First Trust Nasdaq Bank ETF Trading Down 0.7%

Shares of FTXO stock opened at $38.95 on Friday. The company has a market cap of $329.13 million, a price-to-earnings ratio of 11.56 and a beta of 0.92. The stock has a 50 day simple moving average of $37.22 and a 200-day simple moving average of $37.14. First Trust Nasdaq Bank ETF has a 12-month low of $29.59 and a 12-month high of $41.57.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0735 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%.

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.