First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Reaches New 52-Week High – Should You Buy?

First Trust Nasdaq Transportation ETF (NASDAQ:FTXRGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $45.28 and last traded at $45.03, with a volume of 4818 shares trading hands. The stock had previously closed at $44.60.

First Trust Nasdaq Transportation ETF Price Performance

The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 11.80 and a beta of 1.28. The firm’s fifty day simple moving average is $41.27 and its 200 day simple moving average is $40.20.

First Trust Nasdaq Transportation ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust Nasdaq Transportation ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its position in shares of First Trust Nasdaq Transportation ETF by 31,579.5% during the first quarter. NewEdge Advisors LLC now owns 383,005 shares of the company’s stock valued at $14,596,000 after buying an additional 381,796 shares during the last quarter. Royal Bank of Canada raised its position in shares of First Trust Nasdaq Transportation ETF by 5,525.7% during the first quarter. Royal Bank of Canada now owns 148,125 shares of the company’s stock valued at $5,645,000 after buying an additional 145,492 shares during the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Nasdaq Transportation ETF by 53.1% during the first quarter. Cetera Investment Advisers now owns 10,404 shares of the company’s stock valued at $396,000 after buying an additional 3,607 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of First Trust Nasdaq Transportation ETF during the first quarter valued at about $669,272,000. Finally, World Investment Advisors acquired a new position in shares of First Trust Nasdaq Transportation ETF during the first quarter valued at about $985,000.

About First Trust Nasdaq Transportation ETF

(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.

See Also

Receive News & Ratings for First Trust Nasdaq Transportation ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Nasdaq Transportation ETF and related companies with MarketBeat.com's FREE daily email newsletter.