QABA - ETF AI Analysis
Top Page
First Trust NASDAQ ABA Community Bank Index Fund (QABA)
Rating:70Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The fund has delivered strong gains so far this year and in recent months, showing solid momentum in its community bank holdings.
Top Holdings Performing Well
Most of the largest positions, such as Wintrust Financial and Central Bancompany, have posted strong year-to-date gains, helping support the ETF’s overall returns.
Focused Exposure to U.S. Community Banks
The ETF’s heavy tilt toward U.S. financial companies gives investors targeted access to community and regional banks, which can benefit when the banking sector is doing well.
Negative Factors
High Sector Concentration
With the vast majority of assets in the financial sector, the fund is heavily exposed to banking industry risks and less protected if this sector weakens.
Limited Geographic Diversification
Almost all holdings are in the United States, offering very little exposure to other countries that could help balance U.S.-specific economic or regulatory shocks.
Relatively High Expense Ratio
The fund’s expense ratio is on the higher side for an ETF, which means more of the returns are used to cover fees instead of going to investors.
QABA vs. SPDR S&P 500 ETF (SPY)
AUM93.70M
RegionNorth America
Expense Ratio0.60%
Beta0.81
IssuerFirst Trust
Inception DateJun 29, 2009
Dividend Yield2.3%
Asset ClassEquity
Index TrackedNASDAQ OMX ABA Community Bank
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume16,214
30 Day Avg. Volume11,162
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
74.98Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering160
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QABA Summary
QABA is an ETF that follows the NASDAQ OMX ABA Community Bank Index, focusing on community and regional banks across the United States. It holds a basket of smaller, locally focused financial institutions such as Wintrust Financial and Commerce Bancshares, which lend to local businesses and households. An investor might consider QABA to gain diversified exposure to U.S. regional banks and potentially benefit from growth in local economies without having to pick individual bank stocks. However, because it is heavily invested in financial companies, its value can rise or fall sharply with changes in interest rates and the health of the banking sector.
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
QABA is essentially a pure play on U.S. community and regional banks, with performance steered by names like Wintrust Financial and Commerce Bancshares. These core holdings have been generally rising over the past few months, giving the fund a solid tailwind, even if short-term trading has been a bit choppy. Standouts like Central Bancompany and TFS Financial have been climbing steadily this year, adding extra lift, while Bank OZK and First Financial Bankshares are more mixed, occasionally losing steam. With almost all exposure in U.S. financials, this ETF lives and dies by the health of America’s local banking scene.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Wintrust Financial | 4.03% | $3.77M | $9.95B | 10.27% | 78 Outperform | |
| Commerce Bancshares | 3.32% | $3.10M | $8.19B | 0.98% | 73 Outperform | |
| Central Bancompany | 3.09% | $2.89M | $7.63B | 69.11% | ― | |
| United Bankshares | 2.60% | $2.43M | $6.42B | 25.87% | 80 Outperform | |
| Hancock Whitney | 2.44% | $2.28M | $6.01B | 19.16% | 72 Outperform | |
| Bank OZK | 2.11% | $1.98M | $5.23B | -7.52% | 70 Outperform | |
| Eastern Bankshares | 2.00% | $1.87M | $4.94B | 18.94% | 74 Outperform | |
| TFS Financial | 1.92% | $1.80M | $4.74B | 27.33% | 71 Outperform | |
| First Financial Bankshares | 1.90% | $1.78M | $4.70B | -4.60% | 63 Neutral | |
| Fulton Financial | 1.81% | $1.69M | $4.47B | 21.76% | 71 Outperform |
QABA Technical Analysis
Neutral
―
Price Trends
68.29
Negative
65.91
Positive
62.45
Positive
Market Momentum
-0.42
Positive
36.30
Neutral
16.07
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QABA, the sentiment is Neutral. The current price of undefined is equal to the 20-day moving average (MA) of 67.36, equal to the 50-day MA of 68.29, and equal to the 200-day MA of 62.45, indicating a neutral trend. The MACD of -0.42 indicates Positive momentum. The RSI at 36.30 is Neutral, neither overbought nor oversold. The STOCH value of 16.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for QABA.
QABA Peer Comparison
Comparison Results
Performance Comparison
QABA
First Trust NASDAQ ABA Community Bank Index Fund
66.04
10.16
18.18%
PFI
Invesco DWA Financial Momentum ETF
―
―
―
GABF
Gabelli Financial Services Opportunities ETF
―
―
―
FBDC
FT Confluence BDC & Specialty Finance Income ETF
―
―
―
PSCF
Invesco S&P SmallCap Financials ETF
―
―
―
TFNS
T. Rowe Price Financials ETF
―
―
―
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.
DisclaimerThis 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: ―
Table of Contents