FTXO

First Trust Nasdaq Bank ETF

$34.70

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The First Trust Nasdaq Bank ETF (FTXO) seeks to provide investment results that correspond generally to the price and yield performance of the Nasdaq US Smart Banks Index.

Overview

ETF tracking First Trust Nasdaq Bank ETF

Category Technology

Issuer First Trust

Inception Date 2016-09-21

Market Cap $242.9M

Average Volume N/A

Dividend Yield 1.97%

52-Week Range $25.92 - $36.57

VWAP $34.60

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The First Trust Nasdaq Bank ETF (FTXO) seeks to provide investment results that correspond generally to the price and yield performance of the Nasdaq US Smart Banks Index.

🎯 Investment Strategy

The fund invests at least 90% of its net assets in the common stocks and depositary receipts that comprise the Nasdaq US Smart Banks Index. The index is designed to provide exposure to U.S. companies within the banking industry.

✨ Key Features

Provides exposure to the U.S. banking sector
Tracks the Nasdaq US Smart Banks Index, which selects and weights its components based on various fundamental factors
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Concentration risk as the fund is focused on the banking industry
Potential volatility as bank stocks can be sensitive to economic conditions and interest rate changes
Limited diversification compared to a broader market index fund
Lack of long-term performance history to evaluate

👤 Best For

This ETF may be suitable for investors seeking targeted exposure to the U.S. banking sector as part of a diversified portfolio. It could be of interest to investors with a higher risk tolerance who believe in the long-term growth potential of the banking industry. However, the lack of performance history means it may not be appropriate for more conservative or risk-averse investors.