First Trust Nasdaq Transportation ETF (FTXR) to Distribute Quarterly Dividend of $0.13 on June 30th

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Shareholders of record on Thursday, June 25th will be given a dividend of 0.1268 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 270.8% increase from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03.

First Trust Nasdaq Transportation ETF Stock Performance

FTXR stock opened at $45.39 on Friday. First Trust Nasdaq Transportation ETF has a 1 year low of $31.14 and a 1 year high of $46.17. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 11.80 and a beta of 1.28. The stock’s fifty day moving average is $42.84 and its two-hundred day moving average is $40.95.

Institutional Trading of First Trust Nasdaq Transportation ETF

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada acquired a new position in First Trust Nasdaq Transportation ETF during the 1st quarter valued at about $290,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust Nasdaq Transportation ETF in the second quarter valued at approximately $527,000. Geneos Wealth Management Inc. increased its stake in shares of First Trust Nasdaq Transportation ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $57,000 after purchasing an additional 1,200 shares during the period. Osaic Holdings Inc. raised its holdings in shares of First Trust Nasdaq Transportation ETF by 880.3% during the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock valued at $252,000 after buying an additional 7,148 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of First Trust Nasdaq Transportation ETF during the third quarter valued at approximately $256,000.

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.