First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Sets New 12-Month High – Here’s What Happened

Shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) reached a new 52-week high on Monday . The company traded as high as $46.17 and last traded at $45.95, with a volume of 2908 shares trading hands. The stock had previously closed at $45.30.

First Trust Nasdaq Transportation ETF Stock Performance

The stock has a market capitalization of $1.02 billion, a PE ratio of 11.80 and a beta of 1.28. The stock has a 50-day moving average price of $42.11 and a two-hundred day moving average price of $40.59.

First Trust Nasdaq Transportation ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0342 per share. This represents a $0.14 dividend on an annualized basis 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 added to or reduced their stakes in the business. Maridea Wealth Management LLC purchased a new position in First Trust Nasdaq Transportation ETF in the 4th quarter worth approximately $1,639,000. Trust Co. of Oklahoma purchased a new position in First Trust Nasdaq Transportation ETF in the 1st quarter worth approximately $718,000. Davis Investment Partners LLC purchased a new position in First Trust Nasdaq Transportation ETF in the 1st quarter worth approximately $1,243,000. World Investment Advisors purchased a new position in First Trust Nasdaq Transportation ETF in the 1st quarter worth approximately $985,000. Finally, Janney Montgomery Scott LLC lifted its holdings in First Trust Nasdaq Transportation ETF by 220.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,519 shares of the company’s stock worth $934,000 after purchasing an additional 16,879 shares in the last quarter.

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.