The First Trust NASDAQ Bank ETF (FTXO) offers a unique investment opportunity in the financial sector
FTXO is managed by First Trust Advisors and has around $206.72 million in assets. It tracks the Nasdaq US Smart Banks Index, which includes U.S. banking companies. The fund has an annual operating expense of 0.60%, which is pretty standard for this type of investment.
When you look at its holdings, FTXO is heavily invested in the financial sector, with Wells Fargo, Citigroup, and Bank of America being its top three stocks. These three make up a significant portion of the fund, so it’s good to know what you’re getting into.
In terms of performance, FTXO has seen a year-to-date increase of about 2.68% and a 12-month rise of around 35.07%. It’s traded between $23.99 and $35.28 over the past year, showing some volatility but also potential for growth.
If you’re considering alternatives, there are other ETFs like the SPDR S&P Bank ETF and the Invesco KBW Bank ETF that might be worth a look. They have lower expense ratios and larger asset bases, which could be appealing if you’re looking for something different.
Overall, FTXO could be a solid choice if you’re interested in the banking sector. Just make sure to do your homework and see if it aligns with your investment goals.
