First Trust Nasdaq Transportation ETF $FTXR Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC decreased its stake in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 10.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,801 shares of the company’s stock after selling 1,243 shares during the period. Janney Montgomery Scott LLC’s holdings in First Trust Nasdaq Transportation ETF were worth $342,000 at the end of the most recent reporting period.

Separately, Royal Bank of Canada acquired a new position in shares of First Trust Nasdaq Transportation ETF in the 1st quarter valued at $290,000.

First Trust Nasdaq Transportation ETF Trading Up 0.5%

Shares of First Trust Nasdaq Transportation ETF stock opened at $34.97 on Monday. The company has a fifty day simple moving average of $34.65 and a 200-day simple moving average of $32.15. First Trust Nasdaq Transportation ETF has a 12-month low of $25.47 and a 12-month high of $37.32. The stock has a market cap of $34.97 million, a price-to-earnings ratio of 11.80 and a beta of 1.37.

First Trust Nasdaq Transportation ETF Cuts Dividend

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

First Trust Nasdaq Transportation ETF 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.