First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Hits New 1-Year High – What’s Next?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s stock price reached a new 52-week high on Monday . The company traded as high as $296.13 and last traded at $296.13, with a volume of 3685 shares. The stock had previously closed at $289.20.

First Trust Nasdaq Semiconductor ETF Price Performance

The stock has a market cap of $3.04 billion, a PE ratio of 28.27 and a beta of 1.73. The company’s fifty day moving average is $233.94 and its 200-day moving average is $177.05.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

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

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Trust Advisors LP purchased a new position in First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at $735,882,000. Wells Fargo & Company MN boosted its stake in shares of First Trust Nasdaq Semiconductor ETF by 238.2% during the 4th quarter. Wells Fargo & Company MN now owns 352,977 shares of the company’s stock worth $45,723,000 after acquiring an additional 248,623 shares in the last quarter. Morgan Stanley boosted its stake in shares of First Trust Nasdaq Semiconductor ETF by 57.6% during the 4th quarter. Morgan Stanley now owns 487,464 shares of the company’s stock worth $63,144,000 after acquiring an additional 178,099 shares in the last quarter. Nilsine Partners LLC grew its position in shares of First Trust Nasdaq Semiconductor ETF by 4,499.8% during the 4th quarter. Nilsine Partners LLC now owns 175,114 shares of the company’s stock valued at $22,683,000 after acquiring an additional 171,307 shares during the period. Finally, Advisory Services Network LLC grew its position in shares of First Trust Nasdaq Semiconductor ETF by 6,464.4% during the 4th quarter. Advisory Services Network LLC now owns 149,734 shares of the company’s stock valued at $19,396,000 after acquiring an additional 147,453 shares during the period.

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.