NewEdge Advisors LLC Sells 102,006 Shares of First Trust Nasdaq Semiconductor ETF $FTXL

NewEdge Advisors LLC trimmed its holdings in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 74.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 34,701 shares of the company’s stock after selling 102,006 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Nasdaq Semiconductor ETF were worth $5,117,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FTXL. Ameriprise Financial Inc. acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the second quarter valued at about $245,000. Geneos Wealth Management Inc. boosted its position in First Trust Nasdaq Semiconductor ETF by 123.4% during the second quarter. Geneos Wealth Management Inc. now owns 3,362 shares of the company’s stock valued at $323,000 after purchasing an additional 1,857 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in First Trust Nasdaq Semiconductor ETF during the second quarter valued at approximately $243,000. Mariner LLC grew its stake in First Trust Nasdaq Semiconductor ETF by 87.3% in the third quarter. Mariner LLC now owns 3,942 shares of the company’s stock valued at $441,000 after purchasing an additional 1,837 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in First Trust Nasdaq Semiconductor ETF by 323.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,875 shares of the company’s stock valued at $433,000 after purchasing an additional 2,960 shares in the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Up 8.9%

NASDAQ:FTXL opened at $217.82 on Friday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 28.27 and a beta of 1.71. First Trust Nasdaq Semiconductor ETF has a twelve month low of $93.61 and a twelve month high of $297.36. The stock’s 50 day moving average price is $254.82 and its two-hundred day moving average price is $200.68.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.0356 dividend. This is a boost from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.01. This represents a $0.14 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust Nasdaq Semiconductor ETF 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.