Small banks have been left relatively unscathed by the recent bout of litigation fees and regulatory fines levied onto the larger banks. The median market value of QABA’s 142 holdings is $716 million, according to issuer data.
An improving U.S. economy could foster increased borrowing and financing by businesses, large and small, across the U.S. while benign mortgage rates could also provide a lift to the mortgage lending operations of community and regional banks. [Head to Bank ETFs]
First Trust NASDAQ ABA Community Bank Index Fund