Western Wealth Management LLC Reduces Holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Western Wealth Management LLC lowered its position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 8.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,232 shares of the company’s stock after selling 782 shares during the period. Western Wealth Management LLC owned 0.28% of First Trust Nasdaq Semiconductor ETF worth $622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC lifted its stake in shares of First Trust Nasdaq Semiconductor ETF by 9.6% in the first quarter. Twin Peaks Wealth Advisors LLC now owns 4,495 shares of the company’s stock worth $315,000 after buying an additional 395 shares in the last quarter. Outlook Wealth Advisors LLC raised its holdings in First Trust Nasdaq Semiconductor ETF by 37.1% in the 1st quarter. Outlook Wealth Advisors LLC now owns 20,583 shares of the company’s stock valued at $1,555,000 after acquiring an additional 5,567 shares during the last quarter. NBC Securities Inc. lifted its stake in First Trust Nasdaq Semiconductor ETF by 33,800.0% in the 1st quarter. NBC Securities Inc. now owns 339 shares of the company’s stock worth $25,000 after purchasing an additional 338 shares in the last quarter. Millennium Management LLC lifted its stake in First Trust Nasdaq Semiconductor ETF by 5,880.8% in the 4th quarter. Millennium Management LLC now owns 136,423 shares of the company’s stock worth $11,906,000 after purchasing an additional 134,142 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the 4th quarter worth approximately $1,941,000.

First Trust Nasdaq Semiconductor ETF Price Performance

FTXL stock opened at $95.87 on Friday. First Trust Nasdaq Semiconductor ETF has a 1 year low of $59.72 and a 1 year high of $107.74. The firm has a market capitalization of $282.82 million, a PE ratio of 24.31 and a beta of 1.29. The business has a 50 day simple moving average of $83.67 and a 200-day simple moving average of $83.75.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 26th will be issued a $0.1365 dividend. This is a boost from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.03. This represents a $0.55 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, June 26th.

First Trust Nasdaq Semiconductor ETF Company Profile

The First Trust Nasdaq Semiconductor ETF (FTXL) is an exchange-traded fund that is based on the Nasdaq US Smart Semiconductor index. The fund tracks an index of the most liquid US semiconductor companies, weighted according to factors related to value, volatility and growth. FTXL was launched on Sep 20, 2016 and is managed by First Trust.