First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Trading 2.8% Higher – Here’s What Happened

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA)’s share price rose 2.8% during mid-day trading on Thursday . The stock traded as high as $70.10 and last traded at $69.9130. 5,796 shares were traded during mid-day trading, a decline of 25% from the average session volume of 7,737 shares. The stock had previously closed at $68.00.

First Trust NASDAQ ABA Community Bank Index Fund Price Performance

The firm’s 50 day moving average is $64.46 and its 200 day moving average is $61.48. The company has a market capitalization of $92.87 million, a PE ratio of 13.59 and a beta of 0.75.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

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

Institutional Trading of First Trust NASDAQ ABA Community Bank Index Fund

Several large investors have recently bought and sold shares of the company. Merkkuri Wealth Advisors LLC purchased a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 1st quarter worth approximately $59,000. Kestra Advisory Services LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the 4th quarter worth about $73,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the 4th quarter valued at about $75,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in First Trust NASDAQ ABA Community Bank Index Fund by 178.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,257 shares of the company’s stock valued at $128,000 after purchasing an additional 1,447 shares in the last quarter. Finally, Waverly Advisors LLC bought a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the 1st quarter valued at about $204,000.

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.