First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Stock Price Down 1.2% – Time to Sell?

Posted by Mitch Edgeman on Jan 23rd, 2025

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR – Get Free Report) traded down 1.2% 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 Stock Down 1.2 %

The stock has a market cap of $34.15 million, a price-to-earnings ratio of 16.14 and a beta of 1.37. The company’s 50-day moving average is $35.49 and its 200-day moving average is $33.01.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.3989 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from First Trust Nasdaq Transportation ETF’s previous dividend of $0.09.

Institutional Investors Weigh In On First Trust Nasdaq Transportation ETF

A hedge fund recently raised its stake in First Trust Nasdaq Transportation ETF stock. KKM Financial LLC increased its stake in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR – Free Report) by 59.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,424 shares of the company’s stock after purchasing an additional 3,890 shares during the quarter. KKM Financial LLC owned about 1.10% of First Trust Nasdaq Transportation ETF worth $334,000 at the end of the most recent quarter.

About First Trust Nasdaq Transportation ETF

(Get Free Report)

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.