Raymond James & Associates Has $866,000 Stock Holdings in First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Raymond James & Associates reduced its stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 43.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,303 shares of the company’s stock after selling 26,197 shares during the quarter. Raymond James & Associates owned about 0.64% of First Trust Nasdaq Bank ETF worth $866,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Secure Asset Management LLC lifted its position in shares of First Trust Nasdaq Bank ETF by 508.4% in the 3rd quarter. Secure Asset Management LLC now owns 264,667 shares of the company’s stock worth $5,471,000 after purchasing an additional 221,167 shares during the period. AE Wealth Management LLC increased its stake in First Trust Nasdaq Bank ETF by 20.0% during the 3rd quarter. AE Wealth Management LLC now owns 37,976 shares of the company’s stock valued at $785,000 after purchasing an additional 6,329 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of First Trust Nasdaq Bank ETF by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 37,613 shares of the company’s stock valued at $777,000 after buying an additional 1,553 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of First Trust Nasdaq Bank ETF by 18.6% during the third quarter. Kestra Advisory Services LLC now owns 37,125 shares of the company’s stock valued at $767,000 after buying an additional 5,819 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in First Trust Nasdaq Bank ETF by 145.0% during the 3rd quarter. Assetmark Inc. now owns 21,724 shares of the company’s stock valued at $449,000 after acquiring an additional 12,856 shares in the last quarter.

First Trust Nasdaq Bank ETF Stock Performance

Shares of First Trust Nasdaq Bank ETF stock opened at $26.18 on Tuesday. First Trust Nasdaq Bank ETF has a 52-week low of $18.66 and a 52-week high of $27.14. The stock has a market capitalization of $109.94 million, a P/E ratio of 10.33 and a beta of 1.23. The stock’s 50-day simple moving average is $25.73 and its 200 day simple moving average is $23.98.

First Trust Nasdaq Bank ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.1069 per share. The ex-dividend date of this dividend was Thursday, March 21st.

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.