NewEdge Advisors LLC Has $4.76 Million Position in First Trust Nasdaq Transportation ETF $FTXR

NewEdge Advisors LLC boosted its holdings in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 10,230.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 124,894 shares of the company’s stock after acquiring an additional 123,685 shares during the quarter. NewEdge Advisors LLC owned approximately 0.55% of First Trust Nasdaq Transportation ETF worth $4,760,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new position in shares of First Trust Nasdaq Transportation ETF during the 4th quarter worth $57,000. Geneos Wealth Management Inc. boosted its holdings in First Trust Nasdaq Transportation ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $57,000 after purchasing an additional 1,200 shares in the last quarter. Royal Bank of Canada increased its position in First Trust Nasdaq Transportation ETF by 38.2% during the fourth quarter. Royal Bank of Canada now owns 2,633 shares of the company’s stock worth $102,000 after buying an additional 728 shares during the last quarter. Truist Financial Corp bought a new position in First Trust Nasdaq Transportation ETF during the fourth quarter valued at about $200,000. Finally, MML Investors Services LLC bought a new position in First Trust Nasdaq Transportation ETF during the fourth quarter valued at about $235,000.

First Trust Nasdaq Transportation ETF Stock Performance

FTXR opened at $44.46 on Friday. The company has a market cap of $1.05 billion, a PE ratio of 11.80 and a beta of 1.28. The stock has a 50-day moving average of $44.77 and a 200-day moving average of $41.96. First Trust Nasdaq Transportation ETF has a 52-week low of $31.39 and a 52-week high of $46.17.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.1268 dividend. This is an increase from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, June 25th. This represents a $0.51 annualized dividend and a 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.