Moors & Cabot Inc. Lowers Stock Holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Posted by Defense World Staff on May 5th, 2023

Moors & Cabot Inc. lowered its position in First Trust Nasdaq Bank ETF (NASDAQ:FTXO – Get Rating) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,239 shares of the company’s stock after selling 2,200 shares during the period. Moors & Cabot Inc. owned about 0.10% of First Trust Nasdaq Bank ETF worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in First Trust Nasdaq Bank ETF by 29.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,771 shares of the company’s stock valued at $46,000 after purchasing an additional 402 shares during the period. Private Advisor Group LLC lifted its position in shares of First Trust Nasdaq Bank ETF by 5.7% during the 3rd quarter. Private Advisor Group LLC now owns 10,540 shares of the company’s stock valued at $273,000 after acquiring an additional 568 shares during the period. Spire Wealth Management lifted its position in shares of First Trust Nasdaq Bank ETF by 120.8% during the 4th quarter. Spire Wealth Management now owns 1,170 shares of the company’s stock valued at $31,000 after acquiring an additional 640 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of First Trust Nasdaq Bank ETF by 8.9% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 9,500 shares of the company’s stock valued at $246,000 after acquiring an additional 775 shares during the period. Finally, HBW Advisory Services LLC lifted its position in shares of First Trust Nasdaq Bank ETF by 7.9% during the 4th quarter. HBW Advisory Services LLC now owns 18,366 shares of the company’s stock valued at $48,000 after acquiring an additional 1,352 shares during the period.

First Trust Nasdaq Bank ETF Trading Down 3.3 %

FTXO stock opened at $19.09 on Friday. First Trust Nasdaq Bank ETF has a 12-month low of $18.66 and a 12-month high of $30.58. The company has a market cap of $133.63 million, a price-to-earnings ratio of 9.90 and a beta of 1.11. The firm has a 50 day moving average of $21.10 and a 200-day moving average of $24.53.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were given a dividend of $0.144 per share. The ex-dividend date of this dividend was Friday, March 24th. This represents a $0.58 annualized dividend and a dividend yield of 3.02%.

About First Trust Nasdaq Bank ETF

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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.