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QABA - ETF AI Analysis
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First Trust NASDAQ ABA Community Bank Index Fund (QABA)
Rating:72Outperform
Price Target:―
Positive Factors
Strong Performing Holdings
Several top holdings, like Eastern Bankshares and Texas Capital Bancshares, have shown steady gains, supporting the ETF's performance.
Focused Sector Exposure
The ETF's heavy focus on the financial sector aligns with its strategy of targeting community banks, offering specialized exposure for investors.
Reasonable Expense Ratio
The ETF's expense ratio is competitive for a niche fund, helping investors retain more of their returns.
Negative Factors
Underperforming Holdings
Some key positions, like Commerce Bancshares and First Financial Bankshares, have lagged this year, dragging down overall performance.
High Sector Concentration
With nearly all assets in the financial sector, the ETF is highly exposed to risks specific to banking and financial services.
Limited Geographic Diversification
The ETF is overwhelmingly focused on U.S. companies, offering minimal exposure to international markets.
QABA vs. SPDR S&P 500 ETF (SPY)
AUM79.58M
RegionNorth America
Expense Ratio0.60%
Beta0.80
IssuerFirst Trust
Inception DateJun 29, 2009
Dividend Yield2.47%
Asset ClassEquity
Index TrackedNASDAQ OMX ABA Community Bank
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume8,738
30 Day Avg. Volume22,659
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
63.61Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering151
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QABA Summary
The First Trust NASDAQ ABA Community Bank Index Fund (Ticker: QABA) is an ETF that focuses on regional banks in the U.S., tracking the NASDAQ OMX ABA Community Bank Index. It includes companies like Wintrust Financial and Commerce Bancshares, which are known for supporting local economies and small businesses. This ETF could be a good choice for investors looking to diversify into the financial sector while backing community-focused institutions. However, since it primarily invests in regional banks, its performance can be heavily influenced by changes in the U.S. economy and interest rates.
How much will it cost me?The expense ratio for QABA is 0.6%, which means you’ll pay $6 per year for every $1,000 invested. This is higher than average because the fund is actively managed and focuses on a specialized niche of regional banks, requiring more research and management effort.
What would affect this ETF?QABA's focus on U.S. regional banks means it could benefit from a strong U.S. economy, increased lending activity, and favorable interest rate environments that boost bank profitability. However, it may face challenges from rising interest rates that could slow borrowing, regulatory changes impacting smaller banks, or economic downturns that affect local businesses and communities. Its reliance on the financial sector and top holdings in regional banks makes it sensitive to sector-specific trends and economic conditions.
QABA Top 10 Holdings
The QABA ETF is heavily concentrated in U.S. regional banks, with financials dominating its portfolio. Recent performance has been a mixed bag: Hancock Whitney and Texas Capital Bancshares are rising stars, benefiting from strong financial results and bullish momentum, while First Financial Bankshares is lagging, weighed down by bearish technical signals and weak momentum. Commerce Bancshares also struggles with cash flow challenges, adding to the drag. Overall, the fund’s focus on community banks offers a niche exposure to local economic growth, but its reliance on financials makes it sensitive to broader sector trends.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Wintrust Financial | 4.68% | $3.66M | $9.77B | 13.51% | 78 Outperform | |
| Commerce Bancshares | 3.60% | $2.81M | $8.02B | -9.49% | 73 Outperform | |
| Hancock Whitney | 2.76% | $2.16M | $5.69B | 22.46% | 72 Outperform | |
| United Bankshares | 2.72% | $2.13M | $5.71B | 9.78% | 80 Outperform | |
| Bank OZK | 2.61% | $2.04M | $5.48B | 13.28% | 70 Outperform | |
| Eastern Bankshares | 2.24% | $1.75M | $4.64B | 17.05% | 74 Outperform | |
| First Financial Bankshares | 2.20% | $1.72M | $4.52B | -9.45% | 63 Neutral | |
| Texas Capital Bancshares | 2.13% | $1.66M | $4.44B | 29.17% | 79 Outperform | |
| International Bancshares | 2.07% | $1.62M | $4.34B | 7.56% | 67 Neutral | |
| TFS Financial | 1.90% | $1.49M | $3.90B | 14.46% | 71 Outperform |
QABA Technical Analysis
Positive
―
Price Trends
56.28
Positive
56.10
Positive
54.17
Positive
Market Momentum
0.35
Positive
51.79
Neutral
73.87
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QABA, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 58.24, equal to the 50-day MA of 56.28, and equal to the 200-day MA of 54.17, indicating a neutral trend. The MACD of 0.35 indicates Positive momentum. The RSI at 51.79 is Neutral, neither overbought nor oversold. The STOCH value of 73.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QABA.
QABA Peer Comparison
Comparison Results
Performance Comparison
QABA
First Trust NASDAQ ABA Community Bank Index Fund
57.80
3.06
5.59%
PFI
Invesco DWA Financial Momentum ETF
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KBWR
Invesco KBW Regional Banking ETF
―
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GABF
Gabelli Financial Services Opportunities ETF
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―
―
FBDC
FT Confluence BDC & Specialty Finance Income ETF
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―
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PSCF
Invesco S&P SmallCap Financials ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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