First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Increases Dividend to $0.22 Per Share

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) declared a dividend on Wednesday, June 26th, NASDAQ reports. Shareholders of record on Thursday, June 27th will be paid a dividend of 0.2216 per share on Friday, June 28th. The ex-dividend date is Thursday, June 27th. This is a boost from First Trust Nasdaq Bank ETF’s previous dividend of $0.11.

First Trust Nasdaq Bank ETF Stock Down 0.4 %

Shares of NASDAQ:FTXO traded down $0.10 during midday trading on Thursday, reaching $25.82. The company’s stock had a trading volume of 12,893 shares, compared to its average volume of 39,528. The firm has a market cap of $108.46 million, a price-to-earnings ratio of 10.77 and a beta of 1.11. The business has a 50 day moving average price of $26.40 and a 200 day moving average price of $25.72. First Trust Nasdaq Bank ETF has a 1 year low of $18.94 and a 1 year high of $27.80.

About First Trust Nasdaq Bank ETF

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.