First Trust Nasdaq Bank ETF (FTXO)
| Assets | $154.89M |
| Expense Ratio | 0.60% |
| PE Ratio | 12.70 |
| Shares Out | 4.95M |
| Dividend (ttm) | $0.70 |
| Dividend Yield | 2.19% |
| Ex-Dividend Date | Dec 13, 2024 |
| Payout Ratio | 27.75% |
| 1-Year Return | +24.28% |
| Volume | 23,049 |
| Open | 31.15 |
| Previous Close | 31.22 |
| Day's Range | 31.15 - 32.02 |
| 52-Week Low | 23.61 |
| 52-Week High | 35.58 |
| Beta | 1.12 |
| Holdings | 51 |
| Inception Date | Sep 20, 2016 |
About FTXO
Fund Home PageThe 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 issued by First Trust.
Top 10 Holdings
59.07% of assets| Name | Symbol | Weight |
|---|---|---|
| Wells Fargo & Company | WFC | 8.79% |
| Citigroup Inc. | C | 8.15% |
| Bank of America Corporation | BAC | 7.95% |
| JPMorgan Chase & Co. | JPM | 7.73% |
| U.S. Bancorp | USB | 7.49% |
| M&T Bank Corporation | MTB | 4.02% |
| The PNC Financial Services Group, Inc. | PNC | 3.83% |
| First Citizens BancShares, Inc. | FCNCA | 3.81% |
| Citizens Financial Group, Inc. | CFG | 3.68% |
| Huntington Bancshares Incorporated | HBAN | 3.62% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 13, 2024 | $0.186 | n/a |
| Sep 26, 2024 | $0.180 | Sep 30, 2024 |
| Jun 27, 2024 | $0.222 | Jun 28, 2024 |
| Mar 21, 2024 | $0.107 | Mar 28, 2024 |
| Dec 22, 2023 | $0.236 | Dec 29, 2023 |
| Sep 22, 2023 | $0.177 | Sep 29, 2023 |
News
Why We May Be Only In The Early Stages Of A Banking Crisis
Bank assets and liabilities are at an extreme duration mismatch, where balance sheets are filled with long-duration, low-yielding fixed-income securities and loans, while liabilities are shorter-term ...
FTXO: An Underperforming Banking ETF With Attractive Yields
First Trust Nasdaq Bank ETF is a US large-cap banking ETF with a steady dividend yield of 3.75% and a high dividend growth rate of 30%. The fund experienced a significant downturn in February 2023 due...
Regional Banking Concerns Produce Financial Services ETF Outflows
Lipper Financial Services ETFs recorded their largest weekly outflow of the year over the past fund flows week (-$1.4 billion). On top of the bank failures, market participants are worried about the l...
Looking Through Banking Weakness
While uncertainty has increased, we believe fundamentals remain largely solid for the U.S. banking sector. Much of what happened in March, and later in the failure of First Republic Bank, was idiosync...
Banks Are On Sale But Risks Remain
One month ago, Silicon Valley Bank failed, with a resulting decline across the diversified banking industry. Some investors may be tempted to buy the dip, while others are considering doubling down on...
ETF Flows, The Winners And Losers In Volatile Markets
Recent uncertainty, instigated by the issues seen across the financial sector, has led to a change in investment flows seen across exchange traded funds. A change in investment flows can be seen over ...
We Are Seeing The Initial Cracks In Bank Stability - Time To Be Cautious
As we have outlined over the last year, the larger banks are not as strong as we are led to believe. There are many other issues that have yet to come to light regarding various banks.
Private Lenders Spy Opportunity
As banks have fled the syndicated-loan market, private lenders potentially stand to gain by picking up the slack. Issuance of both broadly syndicated loans and high-yield bonds have fallen off a cliff...
Banks' LBO Debt Hangover May Leave Lasting Scars
Leveraged-finance bankers are nursing a headache after one hell of a party. The average price of U.S. high-yield bonds fell as much as 16% between January and early July, according to the ICE BofA U.S...
Credit Loss Provisions Could Signal A Tipping Point
Credit card debt is rising due to inflation, and interest rates are rising due to the Federal Reserve's rate hikes. Increasing credit card balances mean increased minimum monthly payments.
Financials Look Ripe For A Reversal
The financials and banking stocks have been some of the best performing of the reflation trade since the second half of 2020. On the whole, we know banks like to make their profits by lending long ter...
Bank ETFs tumble even as earnings come in strong
Exchange-traded funds tracking the banking sector fell Thursday even as big banks reported quarterly results that blew away analyst expectations. The broad Financial Select Sector SPDR Fund lost 0.5% ...
Bank ETFs slide on surprise Fed decision
Exchange-traded funds with exposure to the financial sector slipped on Friday after the Federal Reserve said it would not extend a measure of bank regulatory relief. The Invesco KWB Bank ETF was down ...
Community bank ETFs pop as economy reflates
Exchange-traded funds with exposure to community banks outperformed Thursday on growing signs of inflation in the economy. The SPDR S&P Regional Banking ETF and the iShares U.S. Regional Banks ETF wer...
Bank ETFs jump on yield curve steepening
Financial-sector exchange-traded funds rallied Tuesday as bond yields rose and the yield curve steepened. The Invesco KBW Bank ETF gained 2.9% mid-morning, and is up 4.1% so far this week, on track fo...
Banks are beneficiaries when economic momentum recovers: Tom Lee
Tom Lee, Fundstrat Global Advisors head of research, joins 'Closing Bell' to discuss the market close and why bank stocks have continued to lag.
