Truist Financial Corp Cuts Stock Position in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR)

Truist Financial Corp decreased its holdings in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR – Get Rating) by 11.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,695 shares of the company’s stock after selling 2,383 shares during the quarter. Truist Financial Corp owned 0.69% of First Trust Nasdaq Transportation ETF worth $437,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its stake in shares of First Trust Nasdaq Transportation ETF by 7.6% during the second quarter. Goldman Sachs Group Inc. now owns 167,952 shares of the company’s stock worth $4,251,000 after buying an additional 11,801 shares during the period. Citadel Advisors LLC increased its position in First Trust Nasdaq Transportation ETF by 26.9% in the 2nd quarter. Citadel Advisors LLC now owns 46,567 shares of the company’s stock valued at $1,179,000 after acquiring an additional 9,871 shares during the period. Cutter & CO Brokerage Inc. grew its holdings in First Trust Nasdaq Transportation ETF by 3.6% during the second quarter. Cutter & CO Brokerage Inc. now owns 14,538 shares of the company’s stock worth $368,000 after acquiring an additional 504 shares during the period. Jane Street Group LLC grew its position in First Trust Nasdaq Transportation ETF by 646.9% during the first quarter. Jane Street Group LLC now owns 145,229 shares of the company’s stock worth $4,692,000 after buying an additional 125,786 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in First Trust Nasdaq Transportation ETF in the 1st quarter valued at approximately $1,347,000.

First Trust Nasdaq Transportation ETF Price Performance

Shares of FTXR stock opened at $27.80 on Wednesday. First Trust Nasdaq Transportation ETF has a twelve month low of $23.37 and a twelve month high of $33.33. The firm has a 50-day moving average price of $26.72 and a 200 day moving average price of $26.70.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Tuesday, December 27th were given a $0.167 dividend. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.10. This represents a $0.67 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Friday, December 23rd.