First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 3.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,572 shares of the company’s stock after selling 420 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust Nasdaq Transportation ETF were worth $467,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of First Trust Nasdaq Transportation ETF by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 16,039 shares of the company’s stock valued at $551,000 after purchasing an additional 304 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in First Trust Nasdaq Transportation ETF during the 4th quarter worth approximately $203,000. Finally, LPL Financial LLC lifted its holdings in First Trust Nasdaq Transportation ETF by 21.2% during the 4th quarter. LPL Financial LLC now owns 49,950 shares of the company’s stock worth $1,717,000 after buying an additional 8,721 shares in the last quarter.

First Trust Nasdaq Transportation ETF Stock Up 2.8 %

NASDAQ:FTXR opened at $29.27 on Monday. First Trust Nasdaq Transportation ETF has a 52 week low of $25.47 and a 52 week high of $37.32. The company has a fifty day simple moving average of $29.30 and a two-hundred day simple moving average of $32.94. The company has a market cap of $26.34 million, a price-to-earnings ratio of 12.15 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 Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.1173 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.47 annualized dividend and a yield of 1.60%.

First Trust Nasdaq Transportation ETF Company 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.