First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Stock Price Down 1.2% – Here’s What Happened

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) traded down 1.2% during trading on Wednesday . The company traded as low as $35.93 and last traded at $35.95. 4,037 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 5,611 shares. The stock had previously closed at $36.37.

First Trust Nasdaq Transportation ETF Trading Down 0.3 %

The firm has a market cap of $34.19 million, a PE ratio of 16.14 and a beta of 1.37. The business’s 50-day simple moving average is $35.51 and its 200 day simple moving average is $33.06.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.3989 per share. This is a positive change from First Trust Nasdaq Transportation ETF’s previous dividend of $0.09. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

A hedge fund recently bought a new stake in First Trust Nasdaq Transportation ETF stock. Benjamin Edwards Inc. bought a new stake in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 32,660 shares of the company’s stock, valued at approximately $1,047,000. Benjamin Edwards Inc. owned 3.44% of First Trust Nasdaq Transportation ETF at the end of the most recent reporting period.

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.