First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Reaches New 12-Month High – Here’s What Happened

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $160.39 and last traded at $155.7390, with a volume of 19856 shares changing hands. The stock had previously closed at $153.63.

First Trust Nasdaq Semiconductor ETF Stock Performance

The business’s 50-day moving average price is $140.70 and its 200-day moving average price is $121.54. The stock has a market cap of $1.65 billion, a P/E ratio of 28.27 and a beta of 1.41.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.1203 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.08.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTXL. Ameritas Advisory Services LLC purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF in the second quarter worth $30,000. Avantax Advisory Services Inc. boosted its holdings in First Trust Nasdaq Semiconductor ETF by 2.0% in the 2nd quarter. Avantax Advisory Services Inc. now owns 44,350 shares of the company’s stock worth $4,255,000 after buying an additional 880 shares during the period. Cetera Investment Advisers boosted its holdings in First Trust Nasdaq Semiconductor ETF by 18.6% in the 2nd quarter. Cetera Investment Advisers now owns 43,762 shares of the company’s stock worth $4,199,000 after buying an additional 6,874 shares during the period. Ethos Financial Group LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF in the 3rd quarter worth $951,000. Finally, Truist Financial Corp raised its holdings in First Trust Nasdaq Semiconductor ETF by 14.3% during the third quarter. Truist Financial Corp now owns 122,609 shares of the company’s stock valued at $13,712,000 after acquiring an additional 15,369 shares during the period.

About First Trust Nasdaq Semiconductor ETF

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.