First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Sets New 1-Year High – Should You Buy?

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

First Trust Nasdaq Transportation ETF Stock Performance

The business has a fifty day moving average price of $41.82 and a 200 day moving average price of $40.47. The company has a market capitalization of $1.03 billion, a PE ratio of 11.80 and a beta of 1.28.

First Trust Nasdaq Transportation ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust Nasdaq Transportation ETF

A number of hedge funds have recently bought and sold shares of FTXR. First Trust Advisors LP acquired a new stake in First Trust Nasdaq Transportation ETF during the 1st quarter valued at approximately $669,272,000. NewEdge Advisors LLC grew its position in shares of First Trust Nasdaq Transportation ETF by 31,579.5% in the 1st quarter. NewEdge Advisors LLC now owns 383,005 shares of the company’s stock worth $14,596,000 after acquiring an additional 381,796 shares in the last quarter. Royal Bank of Canada grew its position in shares of First Trust Nasdaq Transportation ETF by 5,525.7% in 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 in the last quarter. Maridea Wealth Management LLC acquired a new position in shares of First Trust Nasdaq Transportation ETF in the 4th quarter worth approximately $1,639,000. Finally, Davis Investment Partners LLC acquired a new position in shares of First Trust Nasdaq Transportation ETF in the 1st quarter worth approximately $1,243,000.

First Trust Nasdaq Transportation ETF Company Profile

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.