Wagner Wealth Management LLC Buys 855 Shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Wagner Wealth Management LLC boosted its stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 0.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 167,920 shares of the company’s stock after buying an additional 855 shares during the quarter. First Trust Nasdaq Bank ETF accounts for approximately 1.4% of Wagner Wealth Management LLC’s portfolio, making the stock its 20th biggest position. Wagner Wealth Management LLC’s holdings in First Trust Nasdaq Bank ETF were worth $5,341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FTXO. DAVENPORT & Co LLC purchased a new position in First Trust Nasdaq Bank ETF in the fourth quarter valued at about $497,000. Nilsine Partners LLC purchased a new position in First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $1,129,000. Janney Montgomery Scott LLC grew its holdings in First Trust Nasdaq Bank ETF by 31.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 101,580 shares of the company’s stock valued at $3,231,000 after purchasing an additional 24,261 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in First Trust Nasdaq Bank ETF by 284.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,365 shares of the company’s stock worth $75,000 after buying an additional 1,750 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in First Trust Nasdaq Bank ETF in the fourth quarter worth $642,000.

First Trust Nasdaq Bank ETF Price Performance

Shares of NASDAQ FTXO opened at $34.49 on Monday. The stock has a market capitalization of $236.26 million, a PE ratio of 10.77 and a beta of 1.11. First Trust Nasdaq Bank ETF has a one year low of $23.73 and a one year high of $35.58. The business’s fifty day moving average price is $33.16 and its 200-day moving average price is $31.18.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.1864 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.