First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Reaches New 52-Week High at $64.93

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXLGet Rating)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $64.93 and last traded at $64.91, with a volume of 26883 shares trading hands. The stock had previously closed at $63.60.

First Trust Nasdaq Semiconductor ETF Stock Up 3.7 %

The business has a 50 day moving average of $60.39 and a 200 day moving average of $61.36. The company has a market capitalization of $1.03 billion, a P/E ratio of 16.00 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 27th were given a dividend of $0.089 per share. The ex-dividend date was Friday, March 24th. This represents a $0.36 dividend on an annualized basis and a yield of 0.54%.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP purchased a new stake in First Trust Nasdaq Semiconductor ETF during the first quarter valued at approximately $680,551,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of First Trust Nasdaq Semiconductor ETF by 5,985.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 365,149 shares of the company’s stock worth $23,665,000 after buying an additional 359,149 shares during the period. O Dell Group LLC purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF in the first quarter worth approximately $19,039,000. LPL Financial LLC raised its holdings in shares of First Trust Nasdaq Semiconductor ETF by 25.6% in the first quarter. LPL Financial LLC now owns 209,668 shares of the company’s stock worth $13,589,000 after buying an additional 42,766 shares during the period. Finally, BNP Paribas Arbitrage SNC purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF in the first quarter worth approximately $12,962,000.

About First Trust Nasdaq Semiconductor ETF

(Get Rating)

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.

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