Beto Financial Group LLC Buys Shares of 13,393 First Trust Nasdaq Bank ETF $FTXO

Beto Financial Group LLC bought a new stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,393 shares of the company’s stock, valued at approximately $526,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTXO. Comerica Bank purchased a new position in First Trust Nasdaq Bank ETF in the first quarter valued at about $28,000. NewEdge Advisors LLC grew 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 valued at $641,000 after purchasing an additional 18,691 shares in the last quarter. Benjamin Edwards Inc. grew its stake in First Trust Nasdaq Bank ETF by 21.6% in the second quarter. Benjamin Edwards Inc. now owns 45,491 shares of the company’s stock valued at $1,503,000 after purchasing an additional 8,070 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in First Trust Nasdaq Bank ETF by 4.2% in the second quarter. Great Valley Advisor Group Inc. now owns 9,479 shares of the company’s stock valued at $313,000 after purchasing an additional 380 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in First Trust Nasdaq Bank ETF by 602.5% in the second 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 in the last quarter.

First Trust Nasdaq Bank ETF Stock Performance

FTXO opened at $37.74 on Tuesday. The company has a market cap of $318.90 million, a PE ratio of 11.56 and a beta of 0.92. The stock has a 50-day moving average of $37.76 and a 200-day moving average of $37.65. First Trust Nasdaq Bank ETF has a 52-week low of $30.45 and a 52-week high of $41.57.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.8%. The ex-dividend date 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.