Puff Wealth Management LLC Invests $786,000 in First Trust Nasdaq Bank ETF $FTXO

Puff Wealth Management LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 19,015 shares of the company’s stock, valued at approximately $786,000.

A number of other large investors also recently modified their holdings of the company. Royal Bank of Canada lifted its position in First Trust Nasdaq Bank ETF by 216.2% in the 1st quarter. Royal Bank of Canada now owns 297,436 shares of the company’s stock worth $10,758,000 after buying an additional 203,378 shares during the last quarter. Arkadios Wealth Advisors bought a new position in First Trust Nasdaq Bank ETF during the first quarter valued at approximately $5,704,000. Oppenheimer & Co. Inc. bought a new position in First Trust Nasdaq Bank ETF during the fourth quarter valued at approximately $4,465,000. NewEdge Advisors LLC raised its stake in shares of First Trust Nasdaq Bank ETF by 84.3% during the first quarter. NewEdge Advisors LLC now owns 150,000 shares of the company’s stock worth $5,425,000 after acquiring an additional 68,593 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of First Trust Nasdaq Bank ETF by 17.1% during the fourth quarter. Wells Fargo & Company MN now owns 449,085 shares of the company’s stock worth $16,970,000 after acquiring an additional 65,420 shares in the last quarter.

First Trust Nasdaq Bank ETF Stock Performance

Shares of First Trust Nasdaq Bank ETF stock opened at $42.91 on Friday. First Trust Nasdaq Bank ETF has a 52-week low of $32.84 and a 52-week high of $43.71. The stock has a market capitalization of $311.10 million, a price-to-earnings ratio of 11.56 and a beta of 0.89. The company has a fifty day moving average of $41.43 and a 200-day moving average of $39.14.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.2572 per share. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust Nasdaq Bank ETF 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.