Royal Bank of Canada Acquires 145,492 Shares of First Trust Nasdaq Transportation ETF $FTXR

Royal Bank of Canada boosted its holdings in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 5,525.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,125 shares of the company’s stock after buying an additional 145,492 shares during the quarter. Royal Bank of Canada owned approximately 0.66% of First Trust Nasdaq Transportation ETF worth $5,645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Davis Investment Partners LLC acquired a new position in shares of First Trust Nasdaq Transportation ETF during the 1st quarter worth approximately $1,243,000. MinichMacGregor Wealth Management LLC acquired a new stake in First Trust Nasdaq Transportation ETF during the 1st quarter valued at $656,000. Realta Investment Advisors acquired a new stake in First Trust Nasdaq Transportation ETF during the 1st quarter valued at $709,000. Trust Co. of Oklahoma bought a new stake in shares of First Trust Nasdaq Transportation ETF during the 1st quarter worth about $718,000. Finally, First Trust Advisors LP bought a new stake in shares of First Trust Nasdaq Transportation ETF during the first quarter worth approximately $669,272,000.

First Trust Nasdaq Transportation ETF Price Performance

Shares of NASDAQ FTXR opened at $44.79 on Thursday. The stock’s fifty day moving average price is $44.93 and its two-hundred day moving average price is $42.26. First Trust Nasdaq Transportation ETF has a one year low of $33.62 and a one year high of $46.17. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 11.80 and a beta of 1.29.

First Trust Nasdaq Transportation ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.1268 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.1%.

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.