Truist Financial Corp Sells 540 Shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR)

Truist Financial Corp trimmed its stake in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,056 shares of the company’s stock after selling 540 shares during the quarter. Truist Financial Corp owned approximately 0.64% of First Trust Nasdaq Transportation ETF worth $208,000 at the end of the most recent reporting period.

Separately, Benjamin Edwards Inc. bought a new position in First Trust Nasdaq Transportation ETF in the third quarter valued at approximately $1,047,000.

First Trust Nasdaq Transportation ETF Stock Down 1.2 %

FTXR stock opened at $31.43 on Friday. The business has a 50 day moving average price of $34.37 and a two-hundred day moving average price of $33.70. The company has a market cap of $29.86 million, a price-to-earnings ratio of 12.74 and a beta of 1.37. First Trust Nasdaq Transportation ETF has a twelve month low of $28.05 and a twelve month high of $37.32.

First Trust Nasdaq Transportation ETF Increases Dividend

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

First Trust Nasdaq Transportation ETF 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.