Royal Bank of Canada Has $5.64 Million Holdings in First Trust Nasdaq Transportation ETF $FTXR

Royal Bank of Canada lifted its holdings in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 5,525.7% during the 1st quarter, Holdings Channel reports. The firm owned 148,125 shares of the company’s stock after purchasing an additional 145,492 shares during the period. Royal Bank of Canada’s holdings in First Trust Nasdaq Transportation ETF were worth $5,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FTXR. Kestra Advisory Services LLC bought a new stake in shares of First Trust Nasdaq Transportation ETF in the fourth quarter valued at approximately $57,000. Geneos Wealth Management Inc. raised its holdings in First Trust Nasdaq Transportation ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $57,000 after acquiring an additional 1,200 shares in the last quarter. Truist Financial Corp acquired a new position in First Trust Nasdaq Transportation ETF in the 4th quarter valued at $200,000. MML Investors Services LLC acquired a new position in First Trust Nasdaq Transportation ETF in the 4th quarter valued at $235,000. Finally, Two Sigma Investments LP bought a new stake in shares of First Trust Nasdaq Transportation ETF during the 3rd quarter valued at $256,000.

First Trust Nasdaq Transportation ETF Stock Performance

FTXR opened at $44.79 on Thursday. The firm has a market cap of $1.06 billion, a P/E ratio of 11.80 and a beta of 1.29. First Trust Nasdaq Transportation ETF has a 52-week low of $33.62 and a 52-week high of $46.17. The business’s fifty day moving average is $44.93 and its 200-day moving average is $42.26.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1268 per share. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03. This represents a $0.51 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 25th.

About First Trust Nasdaq Transportation ETF

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.