First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Shares Down 3% - Time to Sell?

Shares of First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA - Get Free Report) dropped 3% during mid-day trading on Monday . The company traded as low as $53.53 and last traded at $53.57. Approximately 6,190 shares traded hands during trading, a decline of 72% from the average daily volume of 22,135 shares. The stock had previously closed at $55.24.

First Trust NASDAQ ABA Community Bank Index Fund Stock Down 3.0 %

The stock has a 50 day simple moving average of $52.76 and a 200 day simple moving average of $48.88. The company has a market cap of $109.82 million, a price-to-earnings ratio of 12.90 and a beta of 0.92.

First Trust NASDAQ ABA Community Bank Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.2761 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in shares of First Trust NASDAQ ABA Community Bank Index Fund in the first quarter worth about $391,000. Signet Financial Management LLC raised its stake in First Trust NASDAQ ABA Community Bank Index Fund by 2.9% during the first quarter. Signet Financial Management LLC now owns 9,086 shares of the company's stock valued at $423,000 after buying an additional 257 shares in the last quarter. Private Advisory Group LLC acquired a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the third quarter valued at approximately $1,428,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in First Trust NASDAQ ABA Community Bank Index Fund during the second quarter valued at approximately $1,710,000.

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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