FTXO First Trust Nasdaq Bank ETF
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FTXO First Trust Nasdaq Bank ETF
Seeks to track, before fees and expenses, the Nasdaq US Smart Banks Index. The Index selects the 30 most liquid eligible bank securities from the NASDAQ US Benchmark Index and then ranks those securities based on three factors: 1) Volatility – trailing 12-month price fluctuation. 2) Value – cash flow to price. 3) Growth – the 3-, 6-, 9-, and 12-month average price appreciation. The securities are weighted based on their score on the three factors. The index weighting methodology includes caps to prevent high concentrations among single stocks.
$20.28 -0.37 (-1.79%)
As of 03/23/2023 15:59:50 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Single industry
Category3: Banking
Morningstar category: Financial
Leverage factor: 1.00
Inception date: 09/20/2016
Index tracking method: Passive replication
Current yield: 2.67%
Historical average yield: 2.18%
Market cap: $159,738,040
Average volume: 51,294
Fees: 0.6000%
Index Information
Nasdaq US Smart Banks Index
Index symbol: NQSSBA
Provider: NASDAQ OMX
Total return index symbol: NQSSBAT
Index weighting: Composite scores
Index inception date: 07/08/2016
Backtesting data exists: Yes
Number of holdings: 30
Strategy: Equal weighting
Rebalanced: Quarterly
Reconstituted: Annually
Factors used to select securities: