First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Stock Price Down 0.2% – Here’s What Happened

Posted by Stephan Jacobs on Nov 16th, 2024

Shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR – Get Free Report) were down 0.2% during trading on Friday . The company traded as low as $35.52 and last traded at $35.56. Approximately 1,634 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 4,387 shares. The stock had previously closed at $35.64.

First Trust Nasdaq Transportation ETF Trading Down 0.2 %

The firm has a market cap of $33.78 million, a PE ratio of 16.14 and a beta of 1.37. The stock’s 50 day moving average price is $32.66 and its 200 day moving average price is $31.38.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1284 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.12. This represents a $0.51 annualized dividend and a yield of 1.44%.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Benjamin Edwards Inc. purchased a new stake in shares of First Trust Nasdaq Transportation ETF during the third quarter valued at approximately $1,047,000. KKM Financial LLC grew its holdings in First Trust Nasdaq Transportation ETF by 59.5% during the 3rd quarter. KKM Financial LLC now owns 10,424 shares of the company’s stock valued at $334,000 after purchasing an additional 3,890 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in First Trust Nasdaq Transportation ETF during the 2nd quarter valued at $223,000.

First Trust Nasdaq Transportation ETF Company Profile

(Get Free Report)

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.