First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Hits New 12-Month High – Time to Buy?

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) hit a new 52-week high on Tuesday . The company traded as high as $45.28 and last traded at $45.03, with a volume of 4818 shares changing hands. The stock had previously closed at $44.60.

First Trust Nasdaq Transportation ETF Trading Down 3.4%

The firm has a market capitalization of $977.77 million, a P/E ratio of 11.80 and a beta of 1.28. The stock has a 50-day simple moving average of $41.55 and a two-hundred day simple moving average of $40.34.

First Trust Nasdaq Transportation ETF Cuts Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its position in shares of First Trust Nasdaq Transportation ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $57,000 after acquiring an additional 1,200 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in First Trust Nasdaq Transportation ETF during the 4th quarter valued at approximately $57,000. Royal Bank of Canada grew its stake in First Trust Nasdaq Transportation ETF by 38.2% during the 4th quarter. Royal Bank of Canada now owns 2,633 shares of the company’s stock valued at $102,000 after purchasing an additional 728 shares during the last quarter. Truist Financial Corp purchased a new stake in First Trust Nasdaq Transportation ETF during the 4th quarter valued at about $200,000. Finally, MML Investors Services LLC purchased a new stake in First Trust Nasdaq Transportation ETF during the 4th quarter valued at about $235,000.

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.