First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Announces Quarterly Dividend of $0.01

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) declared a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 26th will be given a dividend of 0.0131 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust Nasdaq Semiconductor ETF Stock Down 4.6%

Shares of First Trust Nasdaq Semiconductor ETF stock traded down $7.14 during trading on Thursday, reaching $148.06. 167,569 shares of the company were exchanged, compared to its average volume of 180,127. First Trust Nasdaq Semiconductor ETF has a twelve month low of $59.72 and a twelve month high of $163.32. The business has a 50-day moving average price of $153.02 and a 200-day moving average price of $133.29. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 28.27 and a beta of 1.41.

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

Several institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers lifted its holdings in First Trust Nasdaq Semiconductor ETF by 18.6% during the second quarter. Cetera Investment Advisers now owns 43,762 shares of the company’s stock worth $4,199,000 after acquiring an additional 6,874 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of First Trust Nasdaq Semiconductor ETF by 27.2% in the second quarter. Steward Partners Investment Advisory LLC now owns 2,690 shares of the company’s stock worth $258,000 after acquiring an additional 575 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the second quarter worth about $245,000. Geneos Wealth Management Inc. raised its position in shares of First Trust Nasdaq Semiconductor ETF by 123.4% during the second quarter. Geneos Wealth Management Inc. now owns 3,362 shares of the company’s stock worth $323,000 after purchasing an additional 1,857 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the 2nd quarter valued at about $243,000.

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.