First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Stock Price Down 1.2% – Time to Sell?

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA)’s share price was down 1.2% during mid-day trading on Tuesday . The company traded as low as $58.29 and last traded at $58.51. Approximately 3,157 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 8,830 shares. The stock had previously closed at $59.24.

First Trust NASDAQ ABA Community Bank Index Fund Price Performance

The business’s 50-day moving average is $57.28 and its 200 day moving average is $56.50. The firm has a market capitalization of $78.99 million, a P/E ratio of 13.59 and a beta of 0.81.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.4886 per share. This is a boost from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.35. This represents a $1.95 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Investors Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

A number of large investors have recently added to or reduced their stakes in QABA. Thurston Springer Miller Herd & Titak Inc. raised its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 178.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,257 shares of the company’s stock valued at $128,000 after acquiring an additional 1,447 shares in the last quarter. WMG Financial Advisors LLC grew its holdings in shares of First Trust NASDAQ ABA Community Bank Index Fund by 10.5% during the 2nd quarter. WMG Financial Advisors LLC now owns 6,142 shares of the company’s stock worth $333,000 after purchasing an additional 585 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 5.8% in the second quarter. Janney Montgomery Scott LLC now owns 6,612 shares of the company’s stock worth $358,000 after purchasing an additional 365 shares during the period. Jane Street Group LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund in the second quarter valued at about $364,000. Finally, Cetera Investment Advisers raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 86.3% in the second quarter. Cetera Investment Advisers now owns 11,552 shares of the company’s stock valued at $626,000 after purchasing an additional 5,352 shares in the last quarter.

First Trust NASDAQ ABA Community Bank Index Fund Company Profile

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.