First Trust Nasdaq Bank ETF $FTXO Stock: Signature Equity Partners LLC Increases Position

Signature Equity Partners LLC increased its stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 419.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 24,950 shares of the company’s stock after acquiring an additional 20,144 shares during the period. Signature Equity Partners LLC owned approximately 0.40% of First Trust Nasdaq Bank ETF worth $966,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Royal Bank of Canada grew its position in First Trust Nasdaq Bank ETF by 216.2% in the first quarter. Royal Bank of Canada now owns 297,436 shares of the company’s stock valued at $10,758,000 after acquiring an additional 203,378 shares in the last quarter. Bank of America Corp DE lifted its position in shares of First Trust Nasdaq Bank ETF by 10.5% during the first quarter. Bank of America Corp DE now owns 288,154 shares of the company’s stock worth $10,423,000 after purchasing an additional 27,273 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of First Trust Nasdaq Bank ETF by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 203,170 shares of the company’s stock worth $8,397,000 after purchasing an additional 951 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of First Trust Nasdaq Bank ETF during the first quarter worth $5,704,000. Finally, NewEdge Advisors LLC boosted its stake in shares of First Trust Nasdaq Bank ETF by 3.3% in the second quarter. NewEdge Advisors LLC now owns 154,964 shares of the company’s stock valued at $6,405,000 after purchasing an additional 4,964 shares during the period.

First Trust Nasdaq Bank ETF Trading Up 1.7%

Shares of FTXO stock opened at $40.35 on Tuesday. The firm has a fifty day simple moving average of $40.18 and a 200-day simple moving average of $39.58. The company has a market capitalization of $250.17 million, a PE ratio of 11.56 and a beta of 0.92. First Trust Nasdaq Bank ETF has a twelve month low of $33.59 and a twelve month high of $44.12.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.21 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%. This is a decrease from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.2572.

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.