First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Shares Down 1.4% - Here's What Happened

Key Points

• Shares fell 1.4% to $61.11 in mid-day trading with only 753 shares changing hands, about 91% below the fund's average daily volume.
• The fund paid a quarterly dividend of $0.3419 on March 31 (ex-dividend March 26), implying an annualized payout of $1.37 and a yield of 2.2%.
• QABA is an ETF that tracks the NASDAQ ABA Community Bank index (NASDAQ-listed banks and thrifts excluding the 50 largest), has a market cap of $76.39 million and a P/E of 13.59.

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - ) was down 1.4% during mid-day trading on Monday . The stock traded as low as $61.12 and last traded at $61.11. Approximately 753 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 8,358 shares. The stock had previously closed at $61.99.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 1.4%

The firm's fifty day moving average price is $59.55 and its 200-day moving average price is $58.31. The company has a market cap of $76.39 million, a P/E ratio of 13.59 and a beta of 0.77.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.3419 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.37 dividend on an annualized basis and a yield of 2.2%.

Hedge Funds Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

Several large investors have recently added to or reduced their stakes in the company. Truist Financial Corp lifted its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 0.7% in the 3rd quarter. Truist Financial Corp now owns 38,713 shares of the company's stock worth $2,174,000 after acquiring an additional 267 shares during the period. Goldman Sachs Group Inc. increased its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 1.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 40,389 shares of the company's stock valued at $2,289,000 after purchasing an additional 469 shares during the period. UBS Group AG raised its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 0.4% in the third quarter. UBS Group AG now owns 164,070 shares of the company's stock valued at $9,213,000 after purchasing an additional 594 shares in the last quarter. Merkkuri Wealth Advisors LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the first quarter worth $59,000. Finally, Kestra Advisory Services LLC bought a new position in First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter worth $73,000.

About First Trust NASDAQ ABA Community Bank Index Fund

The First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund that is based on the NASDAQ OMX ABA Community Bank index. The fund tracks an index of NASDAQ-listed banks and thrifts, excluding the 50 largest. QABA was launched on Jun 29, 2009 and is managed by First Trust.

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