Paragon Private Wealth Management LLC Lowers Position in First Trust Nasdaq Semiconductor ETF $FTXL

Paragon Private Wealth Management LLC decreased its holdings in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,480 shares of the company’s stock after selling 2,880 shares during the quarter. First Trust Nasdaq Semiconductor ETF accounts for approximately 1.3% of Paragon Private Wealth Management LLC’s portfolio, making the stock its 15th largest position. Paragon Private Wealth Management LLC owned about 0.30% of First Trust Nasdaq Semiconductor ETF worth $4,078,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Hilton Head Capital Partners LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the 4th quarter worth $26,000. Ameriflex Group Inc. bought a new position in First Trust Nasdaq Semiconductor ETF in the third quarter valued at $31,000. Flagship Harbor Advisors LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at about $47,000. NBC Securities Inc. raised its position in First Trust Nasdaq Semiconductor ETF by 27.9% during the fourth quarter. NBC Securities Inc. now owns 394 shares of the company’s stock valued at $51,000 after purchasing an additional 86 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new stake in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth about $80,000.

First Trust Nasdaq Semiconductor ETF Trading Down 1.9%

FTXL opened at $253.15 on Wednesday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 28.27 and a beta of 1.73. The stock has a 50-day moving average price of $214.82 and a 200-day moving average price of $168.46. First Trust Nasdaq Semiconductor ETF has a 12-month low of $88.79 and a 12-month high of $280.96.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.0131 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%.

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.