First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Stock Price Down 0.2% – Here’s Why

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA)’s stock price traded down 0.2% on Thursday . The stock traded as low as $55.48 and last traded at $56.05. 158,325 shares were traded during trading, an increase of 200% from the average session volume of 52,732 shares. The stock had previously closed at $56.15.

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

The stock has a market cap of $129.88 million, a price-to-earnings ratio of 12.90 and a beta of 0.92. The stock’s 50 day moving average is $58.46 and its two-hundred day moving average is $54.56.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.3361 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in QABA. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the fourth quarter valued at approximately $389,000. Signet Financial Management LLC increased its stake in First Trust NASDAQ ABA Community Bank Index Fund by 25.7% during the fourth quarter. Signet Financial Management LLC now owns 11,661 shares of the company’s stock valued at $648,000 after acquiring an additional 2,386 shares during the period. Virtu Financial LLC bought a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the 3rd quarter valued at approximately $797,000. International Assets Investment Management LLC raised its stake in shares of First Trust NASDAQ ABA Community Bank Index Fund by 5,188.7% in the third quarter. International Assets Investment Management LLC now owns 16,395 shares of the company’s stock valued at $867,000 after acquiring an additional 16,085 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of First Trust NASDAQ ABA Community Bank Index Fund in the third quarter valued at approximately $1,099,000.

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.