First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Stock Price Down 0.8% - Time to Sell?

Key Points

• QABA shares fell 0.8% to $69.41, with trading volume of 7,755 shares, slightly below its average. The ETF has a $93.7 million market capitalization, a 13.59 price-to-earnings ratio, and trades above its 50-day and 200-day moving averages.
• The fund increased its quarterly dividend to $0.3497 per share, equivalent to an annualized payout of about $1.40 and a 2.0% yield.
• Institutional interest remained positive, with firms including Cetera Investment Advisers and Bank of America increasing their holdings, while Gamco Investors and Jane Street initiated new positions.

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - ) shares were down 0.8% on Thursday . The stock traded as low as $69.28 and last traded at $69.41. 7,755 shares were traded during trading, a decline of 3% from the average session volume of 8,012 shares. The stock had previously closed at $69.97.

First Trust NASDAQ ABA Community Bank Index Fund Stock Performance

The company has a market cap of $93.70 million, a PE ratio of 13.59 and a beta of 0.75. The company's 50-day simple moving average is $66.56 and its 200 day simple moving average is $62.60.

First Trust NASDAQ ABA Community Bank Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.3497 dividend. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund's previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 2.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers increased its holdings in First Trust NASDAQ ABA Community Bank Index Fund by 86.3% during the 2nd quarter. Cetera Investment Advisers now owns 11,552 shares of the company's stock worth $626,000 after purchasing an additional 5,352 shares during the period. Gamco Investors INC. ET AL acquired a new stake in First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at about $1,176,000. Jane Street Group LLC purchased a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 2nd quarter valued at about $364,000. Bank of America Corp DE boosted its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 27.1% in the 2nd quarter. Bank of America Corp DE now owns 139,575 shares of the company's stock valued at $7,565,000 after buying an additional 29,749 shares during the period. Finally, UBS Group AG grew its position in shares of First Trust NASDAQ ABA Community Bank Index Fund by 0.4% during the third quarter. UBS Group AG now owns 164,070 shares of the company's stock worth $9,213,000 after buying an additional 594 shares in the last quarter.

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.

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