First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 1-Year High – Still a Buy?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) reached a new 52-week high during trading on Thursday . The company traded as high as $268.77 and last traded at $258.92, with a volume of 195186 shares changing hands. The stock had previously closed at $262.95.

First Trust Nasdaq Semiconductor ETF Stock Down 1.5%

The business has a fifty day moving average of $195.08 and a 200 day moving average of $159.62. The firm has a market cap of $2.67 billion, a P/E ratio of 28.27 and a beta of 1.69.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.0131 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

Several large investors have recently modified their holdings of FTXL. Ameriprise Financial Inc. bought a new stake in shares of First Trust Nasdaq Semiconductor ETF in the second quarter worth about $245,000. Geneos Wealth Management Inc. increased its holdings in shares of First Trust Nasdaq Semiconductor ETF by 123.4% in the second quarter. Geneos Wealth Management Inc. now owns 3,362 shares of the company’s stock worth $323,000 after acquiring an additional 1,857 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of First Trust Nasdaq Semiconductor ETF in the second quarter worth about $243,000. Truist Financial Corp increased its holdings in shares of First Trust Nasdaq Semiconductor ETF by 14.3% in the third quarter. Truist Financial Corp now owns 122,609 shares of the company’s stock worth $13,712,000 after acquiring an additional 15,369 shares in the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of First Trust Nasdaq Semiconductor ETF by 267.3% in the third quarter. AE Wealth Management LLC now owns 764 shares of the company’s stock worth $85,000 after acquiring an additional 556 shares in 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.