First Trust Nasdaq Transportation ETF $FTXR Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its stake in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 31,579.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 383,005 shares of the company’s stock after purchasing an additional 381,796 shares during the quarter. NewEdge Advisors LLC owned about 1.70% of First Trust Nasdaq Transportation ETF worth $14,596,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of First Trust Nasdaq Transportation ETF by 38.2% in the fourth quarter. Royal Bank of Canada now owns 2,633 shares of the company’s stock valued at $102,000 after acquiring an additional 728 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in First Trust Nasdaq Transportation ETF by 200.0% in the 2nd 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 in the last quarter. Kestra Advisory Services LLC acquired a new position in First Trust Nasdaq Transportation ETF during the 4th quarter worth approximately $57,000. Cetera Investment Advisers raised its stake in shares of First Trust Nasdaq Transportation ETF by 53.1% during the 1st quarter. Cetera Investment Advisers now owns 10,404 shares of the company’s stock worth $396,000 after buying an additional 3,607 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in shares of First Trust Nasdaq Transportation ETF during the 4th quarter worth approximately $200,000.

First Trust Nasdaq Transportation ETF Price Performance

FTXR opened at $45.11 on Friday. First Trust Nasdaq Transportation ETF has a 12 month low of $32.63 and a 12 month high of $46.17. The stock has a market capitalization of $1.06 billion, a P/E ratio of 11.80 and a beta of 1.29. The business has a 50 day simple moving average of $44.91 and a 200-day simple moving average of $42.15.

First Trust Nasdaq Transportation ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.1268 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 1.1%. This is an increase from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend 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.