First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Trading Down 1.3% - Should You Sell?

The First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) saw its stock price decrease by 1.3% during mid-day trading on Friday. The stock reached a low of $57.70 before closing at $58.36. In total, about 155,563 shares were traded during this period, marking a substantial increase of 177% compared to its average daily trading volume of 56,187 shares. Previously, the stock closed at $59.13.

Stock Performance Overview

The First Trust NASDAQ ABA Community Bank Index Fund has a market capitalization of $128.39 million. The company’s price-to-earnings (PE) ratio stands at 12.90, and it has a beta rating of 0.92, indicating relatively low volatility compared to the market. The stock's 50-day moving average is $57.26, while the 200-day moving average sits at $55.46.

Recent Dividend Announcement

Recently, the firm declared a dividend, which was paid to shareholders on December 31. Shareholders on record as of December 13 received a dividend of $0.3361, with the ex-dividend date also marked on December 13.

Investments from Hedge Funds

Several hedge funds have recently altered their holdings of QABA. Notably, Independent Advisor Alliance acquired a new position valued at approximately $1,686,000 in the fourth quarter. Additionally, Simplicity Wealth LLC purchased shares worth around $225,000. Raymond James Financial Inc. also added to its holdings with an investment of about $862,000. Furthermore, WMG Financial Advisors LLC increased its stakes by 27.5%, bringing its total ownership to 5,627 shares worth $313,000. Finally, Private Trust Co. NA significantly expanded its investments, growing by 290.5% to hold 660 shares valued at $37,000 after adding 491 shares in the last quarter.

Company Background

The First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund aiming to mirror the performance of the NASDAQ OMX ABA Community Bank Index. This fund specifically tracks banks and thrifts listed on NASDAQ, excluding the 50 largest entities. Launched on June 29, 2009, QABA is managed by First Trust.

Investment Considerations

Before making any investment decisions regarding the First Trust NASDAQ ABA Community Bank Index Fund, it’s wise to consult with analysts. Currently, the fund holds a "Hold" rating among analysts. However, there are five stocks that top-ranked analysts have identified as more favorable options compared to QABA. Investors should weigh these insights against their strategies before proceeding.

As always, make sure to evaluate all available data and context to inform your investment choices.

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