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

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) reached a new 52-week high on Friday . The stock traded as high as $250.00 and last traded at $249.79, with a volume of 97055 shares traded. The stock had previously closed at $241.37.

First Trust Nasdaq Semiconductor ETF Trading Up 2.7%

The firm has a fifty day simple moving average of $188.60 and a two-hundred day simple moving average of $156.62. The firm has a market cap of $2.55 billion, a PE ratio of 28.27 and a beta of 1.69.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the 4th quarter worth approximately $735,882,000. Morgan Stanley raised its position in shares of First Trust Nasdaq Semiconductor ETF by 57.6% in 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. Wells Fargo & Company MN raised its position in shares of First Trust Nasdaq Semiconductor ETF by 238.2% in 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. LPL Financial LLC raised its position in shares of First Trust Nasdaq Semiconductor ETF by 33.1% in the 4th quarter. LPL Financial LLC now owns 237,472 shares of the company’s stock worth $30,761,000 after acquiring an additional 59,001 shares in the last quarter. Finally, Nilsine Partners LLC raised its position in shares of First Trust Nasdaq Semiconductor ETF by 4,499.8% in the 4th quarter. Nilsine Partners LLC now owns 175,114 shares of the company’s stock worth $22,683,000 after acquiring an additional 171,307 shares in the last quarter.

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.