17,561,577 Shares in First Trust Nasdaq Transportation ETF $FTXR Bought by First Trust Advisors LP

First Trust Advisors LP bought a new stake in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,561,577 shares of the company’s stock, valued at approximately $669,272,000. First Trust Advisors LP owned approximately 0.78% of First Trust Nasdaq Transportation ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. World Investment Advisors acquired a new stake in First Trust Nasdaq Transportation ETF in the first quarter worth about $985,000. Janney Montgomery Scott LLC increased its holdings 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 acquiring an additional 16,879 shares in the last quarter. Realta Investment Advisors acquired a new position in shares of First Trust Nasdaq Transportation ETF during the first quarter valued at about $709,000. MinichMacGregor Wealth Management LLC purchased a new position in shares of First Trust Nasdaq Transportation ETF in the 1st quarter valued at approximately $656,000. Finally, Davis Investment Partners LLC purchased a new position in shares of First Trust Nasdaq Transportation ETF in the 1st quarter valued at approximately $1,243,000.

First Trust Nasdaq Transportation ETF Stock Up 1.4%

FTXR stock opened at $45.16 on Wednesday. The stock has a market capitalization of $1.09 billion, a PE ratio of 11.80 and a beta of 1.28. First Trust Nasdaq Transportation ETF has a 52 week low of $31.39 and a 52 week high of $46.17. The firm has a 50 day moving average of $44.28 and a 200 day moving average of $41.71.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.1268 per share. The ex-dividend date was Thursday, June 25th. This is an increase 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.