First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) to Issue Dividend Increase – $0.40 Per Share

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) announced a dividend on Thursday, December 12th,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.3989 per share on Tuesday, December 31st. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from First Trust Nasdaq Transportation ETF’s previous dividend of $0.09.

First Trust Nasdaq Transportation ETF Stock Up 0.1 %

FTXR traded up $0.05 during midday trading on Friday, hitting $35.79. 4,629 shares of the company traded hands, compared to its average volume of 4,348. The company’s 50-day moving average is $34.47 and its 200 day moving average is $32.06. The firm has a market capitalization of $34.00 million, a PE ratio of 16.14 and a beta of 1.37. First Trust Nasdaq Transportation ETF has a 52 week low of $28.05 and a 52 week high of $37.32.

About First Trust Nasdaq Transportation ETF

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.