First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Sees Large Volume Increase – Time to Buy?

Shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw an uptick in trading volume on Wednesday. Approximately 573,068 shares changed hands during mid-day trading, an increase of 94% from the previous session’s volume of 296,057 shares. The stock last traded at $41.3040 and had previously closed at $41.85.

First Trust Nasdaq Transportation ETF Stock Down 1.4%

The company’s fifty day moving average price is $43.46 and its two-hundred day moving average price is $42.84. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 11.80 and a beta of 1.31.

First Trust Nasdaq Transportation ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.1191 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. This is a drop from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.1268. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Trading of First Trust Nasdaq Transportation ETF

A number of large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in shares of First Trust Nasdaq Transportation ETF by 53.1% in the 1st quarter. Cetera Investment Advisers now owns 10,404 shares of the company’s stock valued at $396,000 after acquiring an additional 3,607 shares during the period. MinichMacGregor Wealth Management LLC bought a new stake in shares of First Trust Nasdaq Transportation ETF in the 1st quarter valued at about $656,000. Realta Investment Advisors acquired a new stake in First Trust Nasdaq Transportation ETF in the 1st quarter valued at about $709,000. Trust Co. of Oklahoma bought a new position in First Trust Nasdaq Transportation ETF during the first quarter worth about $718,000. Finally, Tudor Financial Inc. grew its holdings 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.

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.