Raymond James Financial Inc. Makes New Investment in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Raymond James Financial Inc. bought a new position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 240,450 shares of the company’s stock, valued at approximately $20,984,000. Raymond James Financial Inc. owned approximately 6.59% of First Trust Nasdaq Semiconductor ETF as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in FTXL. Kiker Wealth Management LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF in the fourth quarter worth about $5,092,000. Private Advisor Group LLC boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 151.5% in the 4th quarter. Private Advisor Group LLC now owns 28,832 shares of the company’s stock worth $2,516,000 after purchasing an additional 17,368 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of First Trust Nasdaq Semiconductor ETF by 54.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 38,112 shares of the company’s stock worth $3,326,000 after buying an additional 13,373 shares during the last quarter. Tudor Financial Inc. bought a new position in First Trust Nasdaq Semiconductor ETF during the 3rd quarter valued at approximately $955,000. Finally, Nilsine Partners LLC raised its stake in First Trust Nasdaq Semiconductor ETF by 4.8% during the fourth quarter. Nilsine Partners LLC now owns 178,580 shares of the company’s stock valued at $15,585,000 after buying an additional 8,203 shares during the last quarter.

First Trust Nasdaq Semiconductor ETF Trading Down 0.4 %

NASDAQ FTXL opened at $67.24 on Friday. First Trust Nasdaq Semiconductor ETF has a 12 month low of $59.72 and a 12 month high of $107.74. The stock’s fifty day moving average price is $78.61 and its 200-day moving average price is $86.21. The stock has a market cap of $198.36 million, a P/E ratio of 19.82 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.0342 per share. This represents a $0.14 annualized dividend and a yield of 0.20%. The ex-dividend date was Thursday, March 27th.

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.