First Trust Nasdaq Transportation ETF (FTXR) to Distribute Quarterly Dividend of $0.12 on September 30th

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.1191 per share on Wednesday, September 30th. This represents a $0.48 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 6.1% decrease from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.1268.

First Trust Nasdaq Transportation ETF Stock Down 1.8%

First Trust Nasdaq Transportation ETF stock opened at $41.31 on Friday. The company has a fifty day simple moving average of $44.04 and a 200-day simple moving average of $42.65. The firm has a market capitalization of $966.65 million, a price-to-earnings ratio of 11.80 and a beta of 1.29. First Trust Nasdaq Transportation ETF has a 52-week low of $33.62 and a 52-week high of $46.17.

Institutional Trading of First Trust Nasdaq Transportation ETF

Several large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in First Trust Nasdaq Transportation ETF by 35.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 53,207 shares of the company’s stock worth $2,425,000 after purchasing an additional 13,970 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of First Trust Nasdaq Transportation ETF by 6.6% in the second quarter. NewEdge Advisors LLC now owns 408,346 shares of the company’s stock valued at $18,609,000 after purchasing an additional 25,341 shares during the last quarter. Nilsine Partners LLC lifted its position in First Trust Nasdaq Transportation ETF by 2.6% during the second 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 in the last quarter. Tudor Financial Inc. lifted its position in First Trust Nasdaq Transportation ETF by 1,108.9% during the second quarter. Tudor Financial Inc. now owns 22,111 shares of the company’s stock worth $1,008,000 after buying an additional 20,282 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in First Trust Nasdaq Transportation ETF by 5,525.7% during the first quarter. Royal Bank of Canada now owns 148,125 shares of the company’s stock worth $5,645,000 after buying an additional 145,492 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.