According to Zacks, shareholders of the First Trust Nasdaq Bank ETF (NASDAQ: FTXO) received a quarterly dividend on December 22. The dividend was distributed to shareholders of the fund. On Friday, December 30, shareholders who were shareholders of record on Tuesday, December 27, will be eligible to receive 0.242 cent dividend payments per share. These payments will be made available to them on Friday, December 30. This results in a yield of 3.75 percent and an annual dividend payment of 0.97 dollars. The ex-dividend date is on December 23, which is this coming Friday. This represents an increase over the previous dividend payment of $0.21 per quarter made by the First Trust Nasdaq Bank ETF. This dividend payment is made quarterly.
Recently, several hedge funds have been seen transacting business in the market by purchasing and selling company shares. During the first quarter, Bank of America Corp. (DE) contributed an additional 18.8 percent to the total assets held by First Trust Nasdaq Bank ETF, which increased the percentage of those assets contributed by Bank of America Corp. (DE). Bank of America Corp. (DE) now has a total ownership stake in the company equal to $15,454,000, valued at 486,294 shares, after purchasing an additional 76,877 shares during the preceding quarter. This brings the total number of shares owned by the company to 486,294. In addition, the Royal Bank of Canada increased the amount of money it has invested in the First Trust Nasdaq Bank ETF by seven point zero percent during the first three months of the year. Currently, the Royal Bank of Canada owns 413,426 shares of the company’s stock. These shares are currently worth a total of $13,139,000. This increase in ownership was accomplished by purchasing 26,981 additional shares during the most recent fiscal quarter, leading to a rise in ownership. During the first three months of this year, the holdings of the First Trust Nasdaq Bank ETF owned by UBS Group AG increased by 6.3%. UBS Group AG now directly owns 240,851 shares, valued at $7,655,000, thanks to the purchase of 14,207 additional shares in the company during the most recent fiscal quarter. This brings the total number of shares directly owned by the company to 240,851. In addition, Goldman Sachs Group Inc. increased the percentage of its holdings in First Trust Nasdaq Bank ETF by 163.7% over the second quarter. Goldman Sachs Group Inc. now has a total of 89,394 shares of the company, which are worth a combined total of $2,329,000 after the company made an additional purchase of 55,488 shares of its stock during the most recent fiscal quarter. Last but not least, Baird Financial Group Inc. established a new stake in the First Trust Nasdaq Bank ETF during the first quarter. This certainly should not be considered the least important development.
The first FTXO transactions occurred on Friday for $25.79. The First Trust Nasdaq Bank ETF reached an all-time high of $37.20 and an all-time low of $25.12 exactly one year ago. The price of the company’s stock is currently trading at a moving average of $27.48 for the past fifty days and a moving average of $27.58 for the past two hundred days.
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