First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) Stock Price Up 5% After Dividend Announcement

First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ:QABA) rose 5% during mid-day trading on Thursday following a dividend announcement from the company. The company traded as high as $33.26 and last traded at $32.88, approximately 17,100 shares changed hands during mid-day trading. A decline of 5% from the average daily volume of 18,064 shares. The stock had previously closed at $31.32.

The newly announced dividend which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th will be issued a dividend of $0.266 per share. The ex-dividend date is Thursday, March 26th. This is an increase from First Trust NASDAQ ABA Community Bank Index Fund’s previous quarterly dividend of $0.26. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.32%.

The business’s fifty day moving average price is $42.09 and its 200 day moving average price is $47.87.

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