First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Shares Up 1.2% – What’s Next?

by · The Cerbat Gem

First Trust Nasdaq Bank ETF (NASDAQ:FTXO – Get Free Report)’s stock price rose 1.2% during trading on Tuesday . The stock traded as high as $41.48 and last traded at $41.45. 37,715 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 696,987 shares. The stock had previously closed at $40.96.

First Trust Nasdaq Bank ETF Trading Up 0.4%

The business’s 50 day moving average price is $38.93 and its 200-day moving average price is $38.23. The company has a market cap of $352.79 million, a price-to-earnings ratio of 11.56 and a beta of 0.90.

Institutional Investors Weigh In On First Trust Nasdaq Bank ETF

Several hedge funds have recently bought and sold shares of the stock. Comerica Bank acquired a new position in shares of First Trust Nasdaq Bank ETF in the first quarter valued at approximately $28,000. Fifth Third Bancorp bought a new stake in First Trust Nasdaq Bank ETF in the 1st quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust Nasdaq Bank ETF in the 4th quarter valued at $37,000. JPMorgan Chase & Co. acquired a new position in First Trust Nasdaq Bank ETF in the 3rd quarter valued at $37,000. Finally, NBC Securities Inc. grew its holdings in First Trust Nasdaq Bank ETF by 22.5% in the 4th quarter. NBC Securities Inc. now owns 1,636 shares of the company’s stock valued at $62,000 after buying an additional 301 shares in the last quarter.

First Trust Nasdaq Bank ETF Company Profile

(Get Free Report)

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.

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