Prospera Financial Services Inc Cuts Stock Position in First Trust Nasdaq Bank ETF $FTXO

Prospera Financial Services Inc lessened its stake in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 39.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,308 shares of the company’s stock after selling 21,698 shares during the quarter. Prospera Financial Services Inc owned about 0.48% of First Trust Nasdaq Bank ETF worth $1,259,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Oppenheimer & Co. Inc. purchased a new stake in shares of First Trust Nasdaq Bank ETF during the fourth quarter worth approximately $4,465,000. Holistic Financial Partners purchased a new position in shares of First Trust Nasdaq Bank ETF during the 4th quarter worth approximately $957,000. Wagner Wealth Management LLC raised its stake in shares of First Trust Nasdaq Bank ETF by 0.4% during the 4th quarter. Wagner Wealth Management LLC now owns 158,509 shares of the company’s stock worth $5,990,000 after buying an additional 575 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of First Trust Nasdaq Bank ETF by 7.7% during the 4th quarter. D.A. Davidson & CO. now owns 19,532 shares of the company’s stock worth $738,000 after buying an additional 1,402 shares in the last quarter. Finally, NBC Securities Inc. raised its stake in shares of First Trust Nasdaq Bank ETF by 22.5% during the 4th quarter. NBC Securities Inc. now owns 1,636 shares of the company’s stock worth $62,000 after buying an additional 301 shares in the last quarter.

First Trust Nasdaq Bank ETF Trading Down 0.3%

Shares of FTXO stock opened at $38.01 on Friday. The company has a market cap of $321.18 million, a price-to-earnings ratio of 11.56 and a beta of 0.92. The stock has a 50 day simple moving average of $37.64 and a 200-day simple moving average of $37.61. First Trust Nasdaq Bank ETF has a 12-month low of $30.45 and a 12-month high of $41.57.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.0735 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 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.