First Trust Advisors LP Takes Position in First Trust Nasdaq Transportation ETF $FTXR

First Trust Advisors LP purchased a new stake in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,561,577 shares of the company’s stock, valued at approximately $669,272,000. First Trust Advisors LP owned 77.88% of First Trust Nasdaq Transportation ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in First Trust Nasdaq Transportation ETF by 16.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 132,402 shares of the company’s stock worth $5,131,000 after purchasing an additional 18,497 shares during the period. Davis Investment Partners LLC bought a new position in shares of First Trust Nasdaq Transportation ETF during the 1st quarter worth $1,243,000. Susquehanna International Group LLP grew its position in shares of First Trust Nasdaq Transportation ETF by 93.3% during the 3rd quarter. Susquehanna International Group LLP now owns 26,716 shares of the company’s stock worth $936,000 after buying an additional 12,894 shares in the last quarter. World Investment Advisors purchased a new position in shares of First Trust Nasdaq Transportation ETF during the first quarter valued at $985,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of First Trust Nasdaq Transportation ETF by 220.9% during the first quarter. Janney Montgomery Scott LLC now owns 24,519 shares of the company’s stock valued at $934,000 after buying an additional 16,879 shares during the period.

First Trust Nasdaq Transportation ETF Price Performance

FTXR stock opened at $45.16 on Wednesday. The business has a 50-day moving average price of $44.28 and a 200 day moving average price of $41.71. The company has a market capitalization of $1.09 billion, a P/E ratio of 11.80 and a beta of 1.28. First Trust Nasdaq Transportation ETF has a 1-year low of $31.39 and a 1-year high of $46.17.

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 given a dividend of $0.1268 per share. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.51 dividend on an annualized basis and a yield of 1.1%.

First Trust Nasdaq Transportation ETF 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.