First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Shares Down 4.3% – Here’s What Happened

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) shares were down 4.3% during mid-day trading on Monday . The stock traded as low as $59.75 and last traded at $59.95. Approximately 10,051 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 10,627 shares. The stock had previously closed at $62.67.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

The firm has a 50 day moving average price of $59.85 and a two-hundred day moving average price of $57.46. The company has a market cap of $77.94 million, a P/E ratio of 13.59 and a beta of 0.81.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.4886 per share. This is a boost from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.35. This represents a $1.95 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

A number of institutional investors have recently modified their holdings of QABA. Kestra Advisory Services LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter worth approximately $73,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 178.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,257 shares of the company’s stock worth $128,000 after acquiring an additional 1,447 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth $364,000. Jane Street Group LLC bought a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the second quarter worth $364,000. Finally, Cetera Investment Advisers grew its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 86.3% in the second quarter. Cetera Investment Advisers now owns 11,552 shares of the company’s stock valued at $626,000 after purchasing an additional 5,352 shares in the last quarter.

First Trust NASDAQ ABA Community Bank Index Fund Company Profile

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.