First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Trading Down 0.2% - Here's What Happened

Shares of First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - Get Free Report) fell 0.2% during mid-day trading on Monday . The stock traded as low as $53.80 and last traded at $54.35. 3,394 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 52,378 shares. The stock had previously closed at $54.44.

First Trust NASDAQ ABA Community Bank Index Fund Trading Down 0.7%

The company has a market cap of $103.98 million, a price-to-earnings ratio of 12.92 and a beta of 0.92. The firm's fifty day moving average price is $51.04 and its 200-day moving average price is $55.15.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.3069 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from First Trust NASDAQ ABA Community Bank Index Fund's previous quarterly dividend of $0.28.

Institutional Investors Weigh In On First Trust NASDAQ ABA Community Bank Index Fund

Hedge funds have recently modified their holdings of the business. Private Trust Co. NA raised its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 290.5% during the fourth quarter. Private Trust Co. NA now owns 660 shares of the company's stock worth $37,000 after purchasing an additional 491 shares during the period. Waverly Advisors LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at approximately $208,000. Blueprint Investment Partners LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at approximately $225,000. Simplicity Wealth LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at approximately $225,000. Finally, Mach 1 Financial Group LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at approximately $229,000.

First Trust NASDAQ ABA Community Bank Index Fund Company Profile

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.