Nearly every stock ahead of Zions in KBWB’s lineup is expected to be granted permission by the Fed for some form of enhanced shareholder rewards.
In the case of QABA, the ETF’s Zion’s exposure is not a problem because the ETF is heavily allocated to a broad swath of smaller regional banks that are financially sturdy. In fact, the ETF is one of the better avenues for gaining access to some of the better-performing mid-cap California-based regional banks. [High-Flying Community Bank ETF]
QABA is up 10% in the past month and both it and KBWB hit new all-time highs Thursday.
First Trust NASDAQ ABA Community Bank Index Fund
Tom Lydon’s client own shares of KRE.