Royal Bank of Canada Raises Holdings in First Trust Nasdaq Bank ETF $FTXO

Royal Bank of Canada raised its stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 216.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,436 shares of the company’s stock after purchasing an additional 203,378 shares during the period. Royal Bank of Canada owned about 3.52% of First Trust Nasdaq Bank ETF worth $10,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Comerica Bank purchased a new stake in shares of First Trust Nasdaq Bank ETF during the first quarter worth approximately $28,000. NewEdge Advisors LLC lifted its stake in First Trust Nasdaq Bank ETF by 784.3% in the first quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock worth $641,000 after acquiring an additional 18,691 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in First Trust Nasdaq Bank ETF by 21.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 45,491 shares of the company’s stock worth $1,503,000 after acquiring an additional 8,070 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in First Trust Nasdaq Bank ETF by 4.2% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,479 shares of the company’s stock worth $313,000 after acquiring an additional 380 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of First Trust Nasdaq Bank ETF by 602.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,397 shares of the company’s stock valued at $443,000 after purchasing an additional 11,490 shares during the last quarter.

First Trust Nasdaq Bank ETF Trading Up 0.1%

Shares of FTXO opened at $42.91 on Friday. First Trust Nasdaq Bank ETF has a twelve month low of $32.84 and a twelve month high of $43.71. The firm’s fifty day simple moving average is $41.43 and its 200-day simple moving average is $39.14. The firm has a market capitalization of $311.10 million, a price-to-earnings ratio of 11.56 and a beta of 0.89.

First Trust Nasdaq Bank ETF Increases Dividend

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

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.