First Trust NASDAQ ABA Community Bank Index Fund (QABA)
| Assets | $123.05M |
| Expense Ratio | 0.60% |
| PE Ratio | 12.43 |
| Shares Out | 2.20M |
| Dividend (ttm) | $1.32 |
| Dividend Yield | 2.35% |
| Ex-Dividend Date | Dec 13, 2024 |
| Payout Ratio | 29.23% |
| 1-Year Return | +13.06% |
| Volume | 6,819 |
| Open | 55.93 |
| Previous Close | 56.23 |
| Day's Range | 55.93 - 56.63 |
| 52-Week Low | 42.52 |
| 52-Week High | 64.30 |
| Beta | 0.93 |
| Holdings | 158 |
| Inception Date | Jun 29, 2009 |
About QABA
Fund Home PageThe 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 issued by First Trust.
Top 10 Holdings
26.37% of assets| Name | Symbol | Weight |
|---|---|---|
| Commerce Bancshares, Inc. | CBSH | 4.13% |
| Wintrust Financial Corporation | WTFC | 4.06% |
| UMB Financial Corporation | UMBF | 2.74% |
| First Financial Bankshares, Inc. | FFIN | 2.55% |
| United Bankshares, Inc. | UBSI | 2.51% |
| Bank OZK | OZK | 2.46% |
| Hancock Whitney Corporation | HWC | 2.30% |
| International Bancshares Corporation | IBOC | 1.94% |
| BancFirst Corporation | BANF | 1.93% |
| Texas Capital Bancshares, Inc. | TCBI | 1.75% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 13, 2024 | $0.336 | n/a |
| Sep 26, 2024 | $0.276 | Sep 30, 2024 |
| Jun 27, 2024 | $0.434 | Jun 28, 2024 |
| Mar 21, 2024 | $0.273 | Mar 28, 2024 |
| Dec 22, 2023 | $0.360 | Dec 29, 2023 |
| Sep 22, 2023 | $0.309 | 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 ...
QABA: Diversified Portfolio But Community Banks Exhibit Slow Growth
The First Trust NASDAQ ABA Community Bank Index Fund ETF offers a steady dividend yield and low-risk profile due to its investments in less volatile community banks. Despite the potential benefits fro...
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...
QABA: Volatility Is Significant But Outperformance Should Not Be Ignored
QABA invests in community banks across the United States. This ETF appears to outperform during periods of enhanced market sentiment and fear. That said, this is no ordinary time period.
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...
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...
