First Trust Nasdaq Bank ETF (FTXO) to Distribute Quarterly Dividend of $0.21 on September 30th

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) announced a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of $0.21 per share on Wednesday, September 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 24th. This is a 18.4% decrease from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.2572.

First Trust Nasdaq Bank ETF Price Performance

Shares of FTXO stock opened at $39.36 on Friday. First Trust Nasdaq Bank ETF has a 1-year low of $32.90 and a 1-year high of $44.12. The stock’s 50-day moving average is $42.12 and its 200 day moving average is $39.88. The company has a market cap of $281.42 million, a P/E ratio of 11.56 and a beta of 0.88.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Tucker Asset Management LLC raised its stake in shares of First Trust Nasdaq Bank ETF by 18.8% during the 2nd quarter. Tucker Asset Management LLC now owns 1,545 shares of the company’s stock valued at $64,000 after buying an additional 245 shares during the last quarter. HBW Advisory Services LLC boosted its stake in shares of First Trust Nasdaq Bank ETF by 2.6% in the first quarter. HBW Advisory Services LLC now owns 16,277 shares of the company’s stock worth $589,000 after buying an additional 414 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of First Trust Nasdaq Bank ETF by 0.8% in the first quarter. Kestra Advisory Services LLC now owns 62,695 shares of the company’s stock worth $2,268,000 after buying an additional 481 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of First Trust Nasdaq Bank ETF by 2.2% in the second quarter. IFP Advisors Inc now owns 32,378 shares of the company’s stock worth $1,338,000 after buying an additional 705 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in First Trust Nasdaq Bank ETF during the first quarter worth about $30,000.

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.