First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Shares Up 0.4% – Should You Buy?

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) shot up 0.4% during mid-day trading on Tuesday . The company traded as high as $64.82 and last traded at $64.80. 7,138 shares were traded during trading, a decline of 4% from the average session volume of 7,456 shares. The stock had previously closed at $64.53.

First Trust NASDAQ ABA Community Bank Index Fund Stock Up 0.4%

The stock has a market cap of $81 million, a price-to-earnings ratio of 13.59 and a beta of 0.76. The stock’s fifty day moving average is $62.09 and its 200-day moving average is $60.09.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.3419 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.37 dividend on an annualized basis and a yield of 2.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of QABA. Merkkuri Wealth Advisors LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the first quarter valued at approximately $59,000. Kestra Advisory Services LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at approximately $73,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the fourth quarter valued at approximately $75,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 178.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,257 shares of the company’s stock valued at $128,000 after purchasing an additional 1,447 shares during the period. Finally, Waverly Advisors LLC acquired a new position in First Trust NASDAQ ABA Community Bank Index Fund during the first quarter valued at approximately $204,000.

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.