NewEdge Advisors LLC Has $4.76 Million Stake in First Trust Nasdaq Transportation ETF $FTXR

NewEdge Advisors LLC raised its position in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 10,230.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,894 shares of the company’s stock after acquiring an additional 123,685 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Nasdaq Transportation ETF were worth $4,760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FTXR. Royal Bank of Canada lifted its position in shares of First Trust Nasdaq Transportation ETF by 5,525.7% during the 1st quarter. Royal Bank of Canada now owns 148,125 shares of the company’s stock worth $5,645,000 after purchasing an additional 145,492 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust Nasdaq Transportation ETF by 53.1% during the first quarter. Cetera Investment Advisers now owns 10,404 shares of the company’s stock worth $396,000 after buying an additional 3,607 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of First Trust Nasdaq Transportation ETF in the first quarter valued at approximately $669,272,000. World Investment Advisors bought a new stake in shares of First Trust Nasdaq Transportation ETF in the first quarter valued at approximately $985,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of First Trust Nasdaq Transportation ETF by 220.9% in the first quarter. Janney Montgomery Scott LLC now owns 24,519 shares of the company’s stock worth $934,000 after acquiring an additional 16,879 shares during the last quarter.

First Trust Nasdaq Transportation ETF Trading Down 0.2%

Shares of FTXR stock opened at $44.46 on Friday. First Trust Nasdaq Transportation ETF has a 1 year low of $31.39 and a 1 year high of $46.17. The firm’s fifty day simple moving average is $44.77 and its 200 day simple moving average is $41.96. The firm has a market capitalization of $1.05 billion, a P/E ratio of 11.80 and a beta of 1.28.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.1268 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.51 annualized dividend and a yield of 1.1%. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03.

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.