First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Trading 0% Higher – Here’s Why

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) shot up 0% during mid-day trading on Monday . The company traded as high as $36.05 and last traded at $36.05. 872 shares were traded during mid-day trading, a decline of 86% from the average session volume of 6,050 shares. The stock had previously closed at $36.04.

First Trust Nasdaq Transportation ETF Stock Performance

The company has a market capitalization of $36.05 million, a P/E ratio of 11.80 and a beta of 1.31. The business’s fifty day simple moving average is $35.13 and its 200-day simple moving average is $33.13.

First Trust Nasdaq Transportation ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a $0.1055 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, September 25th.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

Several institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its holdings in shares of 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 worth $57,000 after acquiring an additional 1,200 shares in the last quarter. Osaic Holdings Inc. increased its position in First Trust Nasdaq Transportation ETF by 880.3% in the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $252,000 after purchasing an additional 7,148 shares during the last quarter. Royal Bank of Canada purchased a new stake in First Trust Nasdaq Transportation ETF during the first quarter valued at $290,000. Prospera Financial Services Inc bought a new position in First Trust Nasdaq Transportation ETF during the second quarter valued at $487,000. Finally, Raymond James Financial Inc. bought a new position in First Trust Nasdaq Transportation ETF during the second quarter valued at $527,000.

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.