First Trust Nasdaq Semiconductor ETF $FTXL Stock Holdings Trimmed by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC cut its holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 75.9% during the third quarter, Holdings Channel reports. The institutional investor owned 1,232 shares of the company’s stock after selling 3,882 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in First Trust Nasdaq Semiconductor ETF were worth $312,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the 3rd quarter worth about $608,000. Market Street Wealth Management Advisors LLC purchased a new position in shares of First Trust Nasdaq Semiconductor ETF in the 3rd quarter valued at about $346,000. First Heartland Consultants Inc. acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the 3rd quarter worth about $320,000. Farther Finance Advisors LLC raised its position in shares of First Trust Nasdaq Semiconductor ETF by 59.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 331 shares of the company’s stock worth $84,000 after acquiring an additional 123 shares in the last quarter. Finally, Tactive Advisors LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the 3rd quarter worth about $225,000.

First Trust Nasdaq Semiconductor ETF Trading Down 3.6%

FTXL stock traded down $8.77 during trading on Wednesday, hitting $232.83. 130,564 shares of the company’s stock were exchanged, compared to its average volume of 223,597. The business has a 50-day moving average price of $236.97 and a two-hundred day moving average price of $231.90. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 28.27 and a beta of 1.75. First Trust Nasdaq Semiconductor ETF has a 52-week low of $110.24 and a 52-week high of $297.36.

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.