First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) to Issue Dividend Increase – $0.40 Per Share

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) announced a dividend on Thursday, December 12th,NASDAQ Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.3989 per share on Tuesday, December 31st. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from First Trust Nasdaq Transportation ETF’s previous dividend of $0.09.

First Trust Nasdaq Transportation ETF Price Performance

First Trust Nasdaq Transportation ETF stock traded up $0.05 during mid-day trading on Friday, reaching $35.79. The stock had a trading volume of 4,629 shares, compared to its average volume of 4,348. First Trust Nasdaq Transportation ETF has a one year low of $28.05 and a one year high of $37.32. The company has a 50-day moving average price of $34.47 and a two-hundred day moving average price of $32.06. The company has a market capitalization of $34.00 million, a price-to-earnings ratio of 16.14 and a beta of 1.37.

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.