Assetmark Inc. Buys 109,952 Shares of First Trust Nasdaq Bank ETF (NASDAQ:FTXO)

Assetmark Inc. raised its stake in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) by 24,112.3% in the fourth quarter, Holdings Channel reports. The firm owned 110,408 shares of the company’s stock after acquiring an additional 109,952 shares during the quarter. Assetmark Inc.’s holdings in First Trust Nasdaq Bank ETF were worth $3,512,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FTXO. Sherman Asset Management Inc. bought a new position in First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of 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 valued at $75,000 after buying an additional 1,750 shares during the last quarter. Principal Securities Inc. lifted its position in shares of First Trust Nasdaq Bank ETF by 215.5% in the fourth quarter. Principal Securities Inc. now owns 4,442 shares of the company’s stock valued at $141,000 after buying an additional 3,034 shares during the last quarter. Tyler Stone Wealth Management lifted its position in shares of First Trust Nasdaq Bank ETF by 68.1% in the third quarter. Tyler Stone Wealth Management now owns 7,882 shares of the company’s stock valued at $229,000 after buying an additional 3,193 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of First Trust Nasdaq Bank ETF by 7.9% in the third quarter. D.A. Davidson & CO. now owns 8,154 shares of the company’s stock valued at $237,000 after buying an additional 600 shares during the last quarter.

First Trust Nasdaq Bank ETF Stock Down 0.3 %

FTXO opened at $30.61 on Monday. First Trust Nasdaq Bank ETF has a 12-month low of $24.72 and a 12-month high of $35.58. The stock has a market cap of $209.68 million, a price-to-earnings ratio of 13.83 and a beta of 1.11. The business has a 50 day moving average of $33.14 and a 200-day moving average of $31.86.

First Trust Nasdaq Bank ETF Cuts Dividend

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

First Trust Nasdaq Bank ETF Company 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.