First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Hits New 12-Month High – Here’s Why

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) shares 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 traded. The stock had previously closed at $289.20.

First Trust Nasdaq Semiconductor ETF Trading Down 8.0%

The company’s 50-day simple moving average is $238.45 and its 200-day simple moving average is $179.24. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 28.27 and a beta of 1.73.

Institutional Trading of First Trust Nasdaq Semiconductor ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FTXL. First Trust Advisors LP acquired a new position in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter worth approximately $735,882,000. Wells Fargo & Company MN increased its position in 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 valued at $45,723,000 after purchasing an additional 248,623 shares during the period. Morgan Stanley raised its holdings in 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 purchasing an additional 178,099 shares during the last quarter. Nilsine Partners LLC raised its holdings in 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 worth $22,683,000 after purchasing an additional 171,307 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of First Trust Nasdaq Semiconductor ETF by 6,464.4% in the 4th quarter. Advisory Services Network LLC now owns 149,734 shares of the company’s stock worth $19,396,000 after purchasing 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.