QABA

First Trust NASDAQ ABA Community Bank Index Fund

$54.44

+0.00%

Market closed. Last update: 4:19 AM ET

📎 Investment Objective

The First Trust NASDAQ ABA Community Bank Index Fund (QABA) seeks to track the performance of the NASDAQ OMX ABA Community Bank Index, which is designed to measure the performance of community banks and thrifts traded on US exchanges.

Overview

ETF tracking First Trust NASDAQ ABA Community Bank Index Fund

Category Municipal Bonds

Issuer First Trust

Inception Date 2009-07-01

Market Cap $95.3M

Average Volume N/A

Dividend Yield 2.34%

52-Week Range $46.16 - $62.94

VWAP $54.04

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests at least 90% of its net assets in the common stocks and depositary receipts that comprise the NASDAQ OMX ABA Community Bank Index. The index is composed of community banks and thrifts that are publicly traded on US exchanges.

✨ Key Features

Provides exposure to a diversified portfolio of community banks and thrifts
Tracks the NASDAQ OMX ABA Community Bank Index, which is designed to measure the performance of this specialized banking sector
Low expense ratio of 0.00%
Relatively small fund with $0 in assets under management

⚠️ Primary Risks

Concentration risk as the fund is focused on a specific banking sector
Potential volatility as community banks may be more sensitive to economic and market conditions
Liquidity risk due to the small size of the fund
Lack of long-term performance history to evaluate

👤 Best For

This ETF may be suitable for investors seeking targeted exposure to the community banking sector as part of a diversified portfolio. However, the small fund size and lack of performance history mean it may be more appropriate for experienced investors willing to do additional research.