First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Sets New 1-Year High – Should You Buy?

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) shares hit a new 52-week high during trading on Monday . The stock traded as high as $46.17 and last traded at $45.95, with a volume of 2908 shares. The stock had previously closed at $45.30.

First Trust Nasdaq Transportation ETF Trading Up 0.8%

The company has a market cap of $1.03 billion, a price-to-earnings ratio of 11.80 and a beta of 1.28. The firm has a 50-day moving average price of $41.82 and a 200 day moving average price of $40.47.

First Trust Nasdaq Transportation ETF Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its position in First Trust Nasdaq Transportation ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $57,000 after purchasing an additional 1,200 shares during the period. Kestra Advisory Services LLC acquired a new position in First Trust Nasdaq Transportation ETF during the 4th quarter valued at approximately $57,000. Royal Bank of Canada boosted its position in First Trust Nasdaq Transportation ETF by 38.2% during the 4th quarter. Royal Bank of Canada now owns 2,633 shares of the company’s stock valued at $102,000 after purchasing an additional 728 shares during the period. Truist Financial Corp acquired a new position in First Trust Nasdaq Transportation ETF during the 4th quarter valued at approximately $200,000. Finally, MML Investors Services LLC acquired a new position in First Trust Nasdaq Transportation ETF during the 4th quarter valued at approximately $235,000.

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.