First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) shares passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $42.36 and traded as high as $43.90. First Trust Nasdaq Transportation ETF shares last traded at $43.62, with a volume of 119,970 shares changing hands.

First Trust Nasdaq Transportation ETF Price Performance

The company has a market cap of $160.75 million, a PE ratio of 21.30 and a beta of 1.29. The stock has a fifty day moving average price of $42.21 and a 200-day moving average price of $42.40.

First Trust Nasdaq Transportation ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.1191 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.48 annualized dividend and a yield of 1.1%. This is a decrease from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.1268.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

Several institutional investors and hedge funds have recently bought and sold shares of FTXR. Claro Advisors Inc. lifted its position in shares of First Trust Nasdaq Transportation ETF by 3.4% in the third quarter. Claro Advisors Inc. now owns 9,326 shares of the company’s stock worth $380,000 after purchasing an additional 304 shares in the last quarter. WealthBridge Capital Management LLC lifted its holdings in shares of First Trust Nasdaq Transportation ETF by 4.2% during the third quarter. WealthBridge Capital Management LLC now owns 8,790 shares of the company’s stock worth $358,000 after buying an additional 354 shares during the last quarter. Atwood & Palmer Inc. bought a new position in shares of First Trust Nasdaq Transportation ETF during the 3rd quarter worth about $33,000. Parallel Advisors LLC lifted its position in First Trust Nasdaq Transportation ETF by 420.6% in the third quarter. Parallel Advisors LLC now owns 1,817 shares of the company’s stock worth $74,000 after purchasing an additional 1,468 shares during the period. Finally, Englebert Financial Advisers LLC boosted its holdings in First Trust Nasdaq Transportation ETF by 14.3% during the third quarter. Englebert Financial Advisers LLC now owns 17,786 shares of the company’s stock valued at $725,000 after purchasing an additional 2,226 shares in the last quarter.

First Trust Nasdaq Transportation ETF Company Profile

The First Trust Nasdaq Transportation ETF (FTXR) is an exchange-traded fund that is based on the Nasdaq US Smart Transportation index. The fund tracks an index composed of 30 US transportation companies. Holdings are selected by liquidity and weighted based on volatility, value and growth factors. FTXR was launched on Sep 20, 2016 and is managed by First Trust.