Wagner Wealth Management LLC Buys 915 Shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Wagner Wealth Management LLC increased its position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 0.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 167,065 shares of the company’s stock after purchasing an additional 915 shares during the quarter. First Trust Nasdaq Bank ETF comprises approximately 1.3% of Wagner Wealth Management LLC’s portfolio, making the stock its 21st biggest holding. Wagner Wealth Management LLC’s holdings in First Trust Nasdaq Bank ETF were worth $4,858,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC raised its stake in First Trust Nasdaq Bank ETF by 575.3% during the second quarter. Larson Financial Group LLC now owns 1,337 shares of the company’s stock worth $35,000 after buying an additional 1,139 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in First Trust Nasdaq Bank ETF during the 2nd quarter valued at $48,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust Nasdaq Bank ETF during the second quarter valued at approximately $98,000. PFG Advisors boosted its holdings in shares of First Trust Nasdaq Bank ETF by 21.6% in the 2nd quarter. PFG Advisors now owns 38,288 shares of the company’s stock worth $1,016,000 after buying an additional 6,809 shares during the last quarter. Finally, Cetera Advisors LLC raised its holdings in shares of First Trust Nasdaq Bank ETF by 62.5% in the 1st quarter. Cetera Advisors LLC now owns 28,473 shares of the company’s stock worth $773,000 after purchasing an additional 10,949 shares during the period.

First Trust Nasdaq Bank ETF Stock Up 3.6 %

FTXO traded up $1.04 on Friday, hitting $30.20. The company’s stock had a trading volume of 23,913 shares, compared to its average volume of 32,649. The firm has a market cap of $111.74 million, a P/E ratio of 10.77 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 12 month low of $18.94 and a 12 month high of $30.28. The company’s 50 day simple moving average is $28.59 and its 200-day simple moving average is $27.45.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1796 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Thursday, September 26th.

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.