First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Stock Price Down 0.8% – Time to Sell?

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA)’s share price dropped 0.8% during mid-day trading on Thursday . The company traded as low as $69.28 and last traded at $69.41. 7,755 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 8,012 shares. The stock had previously closed at $69.97.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 0.8%

The company has a market cap of $93.70 million, a price-to-earnings ratio of 13.59 and a beta of 0.75. The firm’s fifty day simple moving average is $66.56 and its 200 day simple moving average is $62.60.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.3497 per share. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.40 annualized dividend and a dividend yield of 2.0%.

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

Institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 0.4% in the third quarter. UBS Group AG now owns 164,070 shares of the company’s stock valued at $9,213,000 after buying an additional 594 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 32.6% during the 4th quarter. Wells Fargo & Company MN now owns 159,738 shares of the company’s stock worth $9,051,000 after acquiring an additional 39,240 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 27.1% in 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 during the last quarter. 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 last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 40,389 shares of the company’s stock valued at $2,289,000 after acquiring an additional 469 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.