Assetmark Inc. Sells 22,416 Shares of First Trust Nasdaq Bank ETF $FTXO

Assetmark Inc. decreased its position in shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 21.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,860 shares of the company’s stock after selling 22,416 shares during the period. Assetmark Inc.’s holdings in First Trust Nasdaq Bank ETF were worth $2,889,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FTXO. Comerica Bank purchased a new stake in shares of First Trust Nasdaq Bank ETF in the first quarter worth about $28,000. NewEdge Advisors LLC grew its holdings in First Trust Nasdaq Bank ETF by 784.3% during the 1st quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock valued at $641,000 after buying an additional 18,691 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in First Trust Nasdaq Bank ETF by 21.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 45,491 shares of the company’s stock valued at $1,503,000 after buying an additional 8,070 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in First Trust Nasdaq Bank ETF by 4.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,479 shares of the company’s stock worth $313,000 after acquiring an additional 380 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in First Trust Nasdaq Bank ETF by 602.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,397 shares of the company’s stock worth $443,000 after acquiring an additional 11,490 shares during the last quarter.

First Trust Nasdaq Bank ETF Price Performance

Shares of FTXO opened at $42.11 on Friday. The stock has a market capitalization of $303.19 million, a price-to-earnings ratio of 11.56 and a beta of 0.89. First Trust Nasdaq Bank ETF has a 1 year low of $32.57 and a 1 year high of $43.21. The business’s 50 day simple moving average is $40.38 and its 200-day simple moving average is $38.83.

First Trust Nasdaq Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2572 per share. This represents a $1.03 annualized dividend and a yield of 2.4%. This is an increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, June 25th.

First Trust Nasdaq Bank ETF 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.