Citadel Advisors LLC Cuts Stock Holdings in First Trust Nasdaq Transportation ETF $FTXR

Citadel Advisors LLC lowered its holdings in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 33.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,024 shares of the company’s stock after selling 14,477 shares during the quarter. Citadel Advisors LLC’s holdings in First Trust Nasdaq Transportation ETF were worth $1,323,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada bought a new position in shares of First Trust Nasdaq Transportation ETF during the first quarter valued at approximately $290,000. Raymond James Financial Inc. bought a new position in First Trust Nasdaq Transportation ETF in the second quarter worth approximately $527,000. Geneos Wealth Management Inc. raised 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 buying an additional 1,200 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in First Trust Nasdaq Transportation ETF by 880.3% during the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $252,000 after buying an additional 7,148 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in First Trust Nasdaq Transportation ETF during the third quarter worth $256,000.

First Trust Nasdaq Transportation ETF Trading Down 1.2%

Shares of NASDAQ FTXR opened at $42.86 on Thursday. The stock has a market capitalization of $1.01 billion, a PE ratio of 11.80 and a beta of 1.29. The stock’s fifty day simple moving average is $44.63 and its two-hundred day simple moving average is $42.60. First Trust Nasdaq Transportation ETF has a 12-month low of $33.62 and a 12-month high of $46.17.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.1268 dividend. This is a boost from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03. This represents a $0.51 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, June 25th.

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.