NewEdge Advisors LLC Boosts Position in First Trust Nasdaq Transportation ETF $FTXR

NewEdge Advisors LLC raised its holdings in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 408,346 shares of the company’s stock after buying an additional 25,341 shares during the period. NewEdge Advisors LLC owned about 1.73% of First Trust Nasdaq Transportation ETF worth $18,609,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in shares of First Trust Nasdaq Transportation ETF in the 4th quarter valued at $57,000. Geneos Wealth Management Inc. boosted its position in First Trust Nasdaq Transportation ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $57,000 after purchasing an additional 1,200 shares during the period. Royal Bank of Canada boosted its position in First Trust Nasdaq Transportation ETF by 38.2% during the 4th quarter. Royal Bank of Canada now owns 2,633 shares of the company’s stock worth $102,000 after purchasing an additional 728 shares during the period. Truist Financial Corp acquired a new stake in First Trust Nasdaq Transportation ETF in the 4th quarter valued at $200,000. Finally, MML Investors Services LLC acquired a new stake in First Trust Nasdaq Transportation ETF in the 4th quarter valued at $235,000.

First Trust Nasdaq Transportation ETF Price Performance

NASDAQ:FTXR opened at $42.91 on Friday. The business’s 50-day moving average is $44.59 and its two-hundred day moving average is $42.60. First Trust Nasdaq Transportation ETF has a 12 month low of $33.62 and a 12 month high of $46.17. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.1268 per share. This is a boost 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.

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.