First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Trading Up 0.4% – Still a Buy?

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA)’s stock price traded up 0.4% on Tuesday . The company traded as high as $64.82 and last traded at $64.80. 7,138 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 7,456 shares. The stock had previously closed at $64.53.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

The company’s fifty day simple moving average is $62.17 and its 200-day simple moving average is $60.14. The company has a market capitalization of $80.30 million, a P/E ratio of 13.59 and a beta of 0.76.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.3419 dividend. This represents a $1.37 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Several institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 32.6% in the fourth quarter. Wells Fargo & Company MN now owns 159,738 shares of the company’s stock worth $9,051,000 after buying an additional 39,240 shares in the last quarter. Bank of America Corp DE boosted its position in First Trust NASDAQ ABA Community Bank Index Fund by 27.1% during the 2nd quarter. Bank of America Corp DE now owns 139,575 shares of the company’s stock valued at $7,565,000 after acquiring an additional 29,749 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the 2nd quarter valued at $1,176,000. Virtu Financial LLC purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter valued at $753,000. Finally, Two Sigma Investments LP increased its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 23.1% in the 3rd quarter. Two Sigma Investments LP now owns 41,000 shares of the company’s stock valued at $2,302,000 after acquiring an additional 7,700 shares during the period.

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.