First Trust Nasdaq Transportation ETF $FTXR Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its holdings in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 6.6% during the second quarter, HoldingsChannel.com reports. The fund owned 408,346 shares of the company’s stock after acquiring an additional 25,341 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Nasdaq Transportation ETF were worth $18,609,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Davis Investment Partners LLC acquired a new stake in shares of First Trust Nasdaq Transportation ETF during the 1st quarter worth approximately $1,243,000. MinichMacGregor Wealth Management LLC bought a new stake in shares of First Trust Nasdaq Transportation ETF in the 1st quarter worth approximately $656,000. Realta Investment Advisors acquired a new position in First Trust Nasdaq Transportation ETF during the 1st quarter valued at approximately $709,000. Trust Co. of Oklahoma acquired a new position in First Trust Nasdaq Transportation ETF during the 1st quarter valued at approximately $718,000. Finally, Nilsine Partners LLC grew its stake in First Trust Nasdaq Transportation ETF by 2.6% during the 2nd quarter. Nilsine Partners LLC now owns 465,155 shares of the company’s stock worth $21,198,000 after buying an additional 11,794 shares during the last quarter.

First Trust Nasdaq Transportation ETF Price Performance

Shares of NASDAQ FTXR opened at $42.91 on Friday. First Trust Nasdaq Transportation ETF has a 1-year low of $33.62 and a 1-year high of $46.17. The business’s fifty day moving average price is $44.59 and its two-hundred day moving average price is $42.60. The firm has a market capitalization of $1.01 billion, a PE ratio of 11.80 and a beta of 1.29.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1268 per share. This is an increase from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03. This represents a $0.51 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 25th.

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.