Trust Co. of Oklahoma Makes New $1.04 Million Investment in First Trust Nasdaq Transportation ETF $FTXR

Trust Co. of Oklahoma acquired a new stake in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 25,414 shares of the company’s stock, valued at approximately $1,036,000.

Several other hedge funds have also recently bought and sold shares of the company. Atwood & Palmer Inc. purchased a new position in First Trust Nasdaq Transportation ETF during the 3rd quarter valued at about $33,000. Envestnet Asset Management Inc. grew its position 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 valued at $2,425,000 after acquiring an additional 13,970 shares in the last quarter. NewEdge Advisors LLC grew its position in First Trust Nasdaq Transportation ETF by 6.6% in the 2nd quarter. NewEdge Advisors LLC now owns 408,346 shares of the company’s stock valued at $18,609,000 after acquiring an additional 25,341 shares in the last quarter. Nilsine Partners LLC increased its stake 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 purchasing an additional 11,794 shares during the period. Finally, Tudor Financial Inc. increased its stake 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 purchasing an additional 20,282 shares during the period.

First Trust Nasdaq Transportation ETF Stock Performance

Shares of FTXR traded up $0.28 during mid-day trading on Thursday, hitting $41.29. 10,463 shares of the company’s stock were exchanged, compared to its average volume of 472,088. The company has a market cap of $993.02 million, a price-to-earnings ratio of 11.80 and a beta of 1.31. First Trust Nasdaq Transportation ETF has a fifty-two week low of $34.13 and a fifty-two week high of $46.17. The stock’s 50-day moving average is $43.03 and its 200-day moving average is $42.99.

First Trust Nasdaq Transportation ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1191 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. This is a decrease from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.1268. The ex-dividend date was Thursday, September 24th.

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.