May 21, 2021 Soaring 10-year Treasury yields are buoying bank stocks, and those effects are being felt at the regional bank level. Just look at the S&P Regional Banks Select Industry Index, which is higher by almost 34% year-to-date. Not to be left out of the conversation is the First Trust NASDAQ ABA Community Bank Index Fund (NasdaqGM: QABA). The often overlooked QABA follows the NASDAQ OMX® ABA Community Bank Index and is a play on smaller banking names, a group that’s sizzling this year. The median market capitalization of QABA holdings is $1.15 billion, which is in small cap territory. QABA’s biggest component by market value checks in at $9.11 billion, or the higher end of the mid cap range.