First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Raises Dividend to $0.13 Per Share

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR – Get Free Report) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 25th will be given a dividend of 0.1268 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, June 25th. This is a 270.8% increase from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03.

First Trust Nasdaq Transportation ETF Trading Up 1.7%

Shares of FTXR traded up $0.77 during trading hours on Thursday, reaching $45.39. 111,483 shares of the company traded hands, compared to its average volume of 370,302. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 11.80 and a beta of 1.28. First Trust Nasdaq Transportation ETF has a 12-month low of $31.14 and a 12-month high of $46.17. The stock’s fifty day moving average price is $42.74 and its 200 day moving average price is $40.90.

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First Trust Nasdaq Transportation ETF Company Profile

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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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