First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Trading Down 1.2% – Time to Sell?

First Trust Nasdaq Transportation ETF (NASDAQ:FTXRGet Free Report) shares fell 1.2% during trading on Wednesday . The company traded as low as $35.93 and last traded at $35.95. Approximately 4,037 shares were traded during trading, a decline of 28% from the average daily volume of 5,611 shares. The stock had previously closed at $36.37.

First Trust Nasdaq Transportation ETF Trading Down 1.2 %

The firm’s 50 day moving average is $35.49 and its two-hundred day moving average is $33.01. The stock has a market cap of $34.15 million, a price-to-earnings ratio of 16.14 and a beta of 1.37.

First Trust Nasdaq Transportation ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.3989 per share. The ex-dividend date was Friday, December 13th. This is an increase from First Trust Nasdaq Transportation ETF’s previous dividend of $0.09.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

A hedge fund recently raised its stake in First Trust Nasdaq Transportation ETF stock. KKM Financial LLC lifted its stake in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXRFree Report) by 59.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,424 shares of the company’s stock after buying an additional 3,890 shares during the quarter. KKM Financial LLC owned 1.10% of First Trust Nasdaq Transportation ETF worth $334,000 as of its most recent filing with the SEC.

First Trust Nasdaq Transportation ETF Company Profile

(Get Free Report)

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.

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