First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Reaches New 12-Month High – Here’s Why

Shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) reached a new 52-week high on Thursday . The company traded as high as $44.89 and last traded at $44.89, with a volume of 5100 shares trading hands. The stock had previously closed at $44.76.

First Trust Nasdaq Transportation ETF Stock Up 0.1%

The company’s 50 day moving average price is $40.48 and its two-hundred day moving average price is $39.80. The firm has a market cap of $1.01 billion, a PE ratio of 11.80 and a beta of 1.27.

First Trust Nasdaq Transportation ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.0342 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. NewEdge Advisors LLC boosted its position in shares of First Trust Nasdaq Transportation ETF by 10,230.4% during the first quarter. NewEdge Advisors LLC now owns 124,894 shares of the company’s stock valued at $4,760,000 after buying an additional 123,685 shares during the period. Royal Bank of Canada lifted its stake in shares of First Trust Nasdaq Transportation ETF by 5,525.7% during the 1st quarter. Royal Bank of Canada now owns 148,125 shares of the company’s stock worth $5,645,000 after acquiring an additional 145,492 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of First Trust Nasdaq Transportation ETF by 53.1% during the 1st quarter. Cetera Investment Advisers now owns 10,404 shares of the company’s stock worth $396,000 after acquiring an additional 3,607 shares during the last quarter. First Trust Advisors LP purchased a new position in First Trust Nasdaq Transportation ETF during the 1st quarter valued at $669,272,000. Finally, World Investment Advisors bought a new position in First Trust Nasdaq Transportation ETF in the 1st quarter valued at $985,000.

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.