Envestnet Asset Management Inc. Sells 420 Shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR)

Envestnet Asset Management Inc. lowered its holdings in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,572 shares of the company’s stock after selling 420 shares during the quarter. Envestnet Asset Management Inc. owned 1.43% of First Trust Nasdaq Transportation ETF worth $467,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC purchased a new stake in shares of First Trust Nasdaq Transportation ETF during the fourth quarter valued at $203,000. Wells Fargo & Company MN lifted its holdings in First Trust Nasdaq Transportation ETF by 1.9% during the 4th quarter. Wells Fargo & Company MN now owns 16,039 shares of the company’s stock valued at $551,000 after buying an additional 304 shares in the last quarter. 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 valued at $1,717,000 after buying an additional 8,721 shares in the last quarter.

First Trust Nasdaq Transportation ETF Stock Performance

Shares of NASDAQ:FTXR opened at $29.27 on Monday. The firm’s 50 day simple moving average is $29.30 and its 200-day simple moving average is $32.94. First Trust Nasdaq Transportation ETF has a one year low of $25.47 and a one year high of $37.32. The firm has a market cap of $26.34 million, a PE ratio of 12.15 and a beta of 1.37.

First Trust Nasdaq Transportation ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued 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%.

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.