Truist Financial Corp lessened its stake in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR – Get Rating) by 96.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,078 shares of the company's stock after selling 600,445 shares during the quarter. Truist Financial Corp owned about 0.61% of First Trust Nasdaq Transportation ETF worth $533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FTXR. Benjamin Edwards Inc. bought a new stake in First Trust Nasdaq Transportation ETF in the first quarter valued at about $28,000. Tsfg LLC bought a new stake in First Trust Nasdaq Transportation ETF in the first quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Nasdaq Transportation ETF by 102.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,017 shares of the company's stock valued at $65,000 after purchasing an additional 1,020 shares during the last quarter. San Luis Wealth Advisors LLC bought a new stake in First Trust Nasdaq Transportation ETF in the first quarter valued at about $85,000. Finally, Concourse Financial Group Securities Inc. increased its holdings in First Trust Nasdaq Transportation ETF by 12.6% in the first quarter. Concourse Financial Group Securities Inc. now owns 4,099 shares of the company's stock valued at $132,000 after purchasing an additional 459 shares during the last quarter.

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First Trust Nasdaq Transportation ETF Price Performance

NASDAQ:FTXR opened at $24.40 on Friday. First Trust Nasdaq Transportation ETF has a 1 year low of $23.37 and a 1 year high of $36.18. The stock has a 50-day moving average price of $26.54 and a two-hundred day moving average price of $27.34.

First Trust Nasdaq Transportation ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Monday, September 26th were paid a $0.096 dividend. The ex-dividend date of this dividend was Friday, September 23rd. This represents a $0.38 dividend on an annualized basis and a yield of 1.57%.

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