First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 12-Month High – What’s Next?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s stock price hit a new 52-week high on Thursday . The company traded as high as $149.87 and last traded at $149.1820, with a volume of 4225 shares traded. The stock had previously closed at $144.70.

First Trust Nasdaq Semiconductor ETF Stock Performance

The stock has a market capitalization of $1.54 billion, a P/E ratio of 28.27 and a beta of 1.41. The business has a 50 day simple moving average of $129.04 and a 200-day simple moving average of $114.23.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.1203 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.08.

Institutional Trading of First Trust Nasdaq Semiconductor ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC acquired a new stake in First Trust Nasdaq Semiconductor ETF during the second quarter valued at approximately $26,000. Ameritas Advisory Services LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the second quarter valued at $30,000. Ameriflex Group Inc. acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the 3rd quarter valued at $31,000. SBI Securities Co. Ltd. boosted its stake in shares of First Trust Nasdaq Semiconductor ETF by 73.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 783 shares of the company’s stock worth $75,000 after acquiring an additional 332 shares in the last quarter. Finally, AE Wealth Management LLC grew its holdings in shares of First Trust Nasdaq Semiconductor ETF by 267.3% in the 3rd quarter. AE Wealth Management LLC now owns 764 shares of the company’s stock worth $85,000 after acquiring an additional 556 shares during the last quarter.

About First Trust Nasdaq Semiconductor ETF

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.