NewEdge Advisors LLC Raises Stock Position in First Trust Nasdaq Transportation ETF $FTXR

NewEdge Advisors LLC increased its position in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 31,579.5% in the 1st quarter, according to the company in its most recent disclosure with the 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’s holdings in First Trust Nasdaq Transportation ETF were worth $14,596,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Davis Investment Partners LLC acquired a new position in shares of First Trust Nasdaq Transportation ETF during the 1st quarter worth approximately $1,243,000. MinichMacGregor Wealth Management LLC purchased a new position in First Trust Nasdaq Transportation ETF during the first quarter worth $656,000. Realta Investment Advisors purchased a new position in First Trust Nasdaq Transportation ETF during the first quarter worth $709,000. Trust Co. of Oklahoma acquired a new position in shares of First Trust Nasdaq Transportation ETF in the first quarter worth $718,000. Finally, First Trust Advisors LP acquired a new position in shares of First Trust Nasdaq Transportation ETF in the first quarter worth $669,272,000.

First Trust Nasdaq Transportation ETF Trading Up 0.7%

NASDAQ:FTXR opened at $45.11 on Friday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 11.80 and a beta of 1.29. The company’s 50-day moving average is $44.91 and its two-hundred day moving average is $42.15. First Trust Nasdaq Transportation ETF has a 12-month low of $32.63 and a 12-month high of $46.17.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1268 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03. This represents a $0.51 annualized dividend and a dividend yield of 1.1%.

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.