First Trust NASDAQ ABA Community Bank Index Fund
QABA
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Jul 1, 2009
- CIK
- 0001329377
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund that seeks investment results corresponding generally to the price and yield, before the fund's fees and expenses, of the NASDAQ OMX ABA Community Bank Index, a market capitalization-weighted index comprising common stocks of all Nasdaq-listed community banks and thrifts excluding the 50 largest by total assets. The fund invests at least 90% of its net assets, plus any borrowing for investment purposes, in the common stocks that comprise the index or depositary receipts representing securities in the index; it holds approximately 140-150 small- and micro-cap U.S. community banks and thrifts with top holdings including Wintrust Financial Corporation (WTFC), Commerce Bancshares, Inc. (CBSH), Bank OZK (OZK), Hancock Whitney Corporation (HWC), and United Bankshares, Inc. (UBSI). QABA operates in the financial services sector, targeting investors seeking exposure to smaller domestic banking institutions characterized by regional operations across the United States, higher dividend yields relative to larger peers, and potential for acquisition premiums. The fund was launched on June 29, 2009, and is managed by First Trust Advisors L.P., headquartered in Wheaton, Illinois. In recent developments, QABA announced a quarterly distribution of $0.4886 per share in December 2025, reflecting a significant 38.7% increase from the prior payout amid favorable net interest margins for U.S. community banks despite economic uncertainties; the fund has also seen portfolio adjustments including new holdings such as Eastern Bankshares Inc., MetroCity Bankshares Inc., and HBT Financial Inc., alongside sales like Southside Bancshares Inc., as of late 2024 and into 2025, with no major acquisitions, partnerships, or structural changes reported for the fund itself.