The First Trust NASDAQ Transportation ETF (FTXR) was launched on 09/20/2016, and is a smart beta exchange traded fund designed to offer broad exposure to the Industrials ETFs category of the market.
Launched on September 20, 2016, the First Trust NASDAQ Transportation ETF (FTXR) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Transportation/Shipping segment of the equity market.
Designed to provide broad exposure to the Industrials ETFs category of the market, the First Trust NASDAQ Transportation ETF (FTXR) is a smart beta exchange traded fund launched on 09/20/2016.
Launched on September 20, 2016, the First Trust NASDAQ Transportation ETF (FTXR) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Transportation/Shipping segment of the equity market.
FTXR hits a new 52-week high, up 54.6% from its low, as transport-sector optimism and a sharply higher dividend drive momentum.
By tracking the First Trust Nasdaq Transportation ETF NASDAQ: FTXR, investors will see this fund nearing new 52-week highs, led by its top holdings in airline names.
FTXR is a transportation-themed ETF with a nearly nine year track record and a 0.60% expense ratio. It's unique because it allocates nearly one-third of its holdings to auto stocks. Performance since its inception was poor compared to other U.S. Transportation ETFs like IYT and XTN, as well as broad-based Industrials sector ETFs like RSPN and XLI. However, its strategy changed in March 2023, and after careful review, I determined that stocks like Tesla, Ford, and General Motors should in consistency receive max weightings of 8% each.
Transport ETFs have been seeing solid trading over the past month on strong first-quarter earnings.
The second-quarter earnings picture for the transportation sector has been unimpressive. Earnings of 88.3% of the market capitalization of the sector declined 9.8% on a 3.9% revenue decline.