First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) to Issue Quarterly Dividend of $0.13

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be paid 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 Price Performance

Shares of First Trust Nasdaq Transportation ETF stock traded up $0.77 on Thursday, hitting $45.39. 111,483 shares of the company’s stock traded hands, compared to its average volume of 370,302. The company has a fifty day moving average of $42.74 and a two-hundred day moving average of $40.90. First Trust Nasdaq Transportation ETF has a one year low of $31.14 and a one year high of $46.17. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 11.80 and a beta of 1.28.

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.