World Investment Advisors Has $1.24 Million Holdings in First Trust Nasdaq Bank ETF $FTXO

World Investment Advisors increased its holdings in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 19.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,450 shares of the company’s stock after buying an additional 6,142 shares during the quarter. World Investment Advisors’ holdings in First Trust Nasdaq Bank ETF were worth $1,237,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FTXO. Comerica Bank acquired a new stake in First Trust Nasdaq Bank ETF during the 1st quarter worth $28,000. Synergy Investment Management LLC acquired a new stake in First Trust Nasdaq Bank ETF during the 1st quarter worth $64,000. BlueChip Wealth Advisors LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF in the 1st quarter valued at about $206,000. Sigma Planning Corp acquired a new stake in shares of First Trust Nasdaq Bank ETF in the 1st quarter valued at about $213,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF in the 1st quarter valued at about $216,000.

First Trust Nasdaq Bank ETF Price Performance

FTXO opened at $34.61 on Friday. The business’s 50-day moving average price is $35.21 and its two-hundred day moving average price is $33.14. First Trust Nasdaq Bank ETF has a 1 year low of $25.05 and a 1 year high of $36.63. The company has a market capitalization of $240.54 million, a price-to-earnings ratio of 11.56 and a beta of 0.97.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a $0.1688 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.68 annualized dividend and a dividend yield of 2.0%.

First Trust Nasdaq Bank ETF Company Profile

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.