First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Reaches New 52-Week High – Should You Buy?

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $45.28 and last traded at $45.03, with a volume of 4818 shares traded. The stock had previously closed at $44.60.

First Trust Nasdaq Transportation ETF Stock Performance

The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 11.80 and a beta of 1.28. The company has a fifty day simple moving average of $41.27 and a two-hundred day simple moving average of $40.20.

First Trust Nasdaq Transportation ETF Cuts Dividend

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

Institutional Trading of First Trust Nasdaq Transportation ETF

Several large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. grew its stake in First Trust Nasdaq Transportation ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $57,000 after purchasing an additional 1,200 shares in the last quarter. Kestra Advisory Services LLC bought a new position in First Trust Nasdaq Transportation ETF in the fourth quarter worth about $57,000. Royal Bank of Canada raised its holdings in shares of First Trust Nasdaq Transportation ETF by 38.2% during the fourth quarter. Royal Bank of Canada now owns 2,633 shares of the company’s stock valued at $102,000 after buying an additional 728 shares during the last quarter. Truist Financial Corp bought a new stake in shares of First Trust Nasdaq Transportation ETF during the fourth quarter valued at approximately $200,000. Finally, MML Investors Services LLC bought a new stake in shares of First Trust Nasdaq Transportation ETF during the fourth quarter valued at approximately $235,000.

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.