First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 52-Week High – What’s Next?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $152.58 and last traded at $154.0440, with a volume of 41968 shares trading hands. The stock had previously closed at $147.25.

First Trust Nasdaq Semiconductor ETF Stock Up 3.5%

The stock’s 50 day moving average is $130.91 and its two-hundred day moving average is $115.78. The company has a market capitalization of $1.59 billion, a PE ratio of 28.27 and a beta of 1.41.

First Trust Nasdaq Semiconductor ETF Increases Dividend

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

Institutional Trading of First Trust Nasdaq Semiconductor ETF

A number of hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC bought a new stake in First Trust Nasdaq Semiconductor ETF during the 2nd quarter valued at $26,000. Ameritas Advisory Services LLC bought a new stake in First Trust Nasdaq Semiconductor ETF during the second quarter valued at about $30,000. Grimes & Company Inc. purchased a new position in First Trust Nasdaq Semiconductor ETF in the second quarter valued at about $8,648,000. Harbour Investments Inc. raised its holdings in First Trust Nasdaq Semiconductor ETF by 3.5% in the second quarter. Harbour Investments Inc. now owns 31,960 shares of the company’s stock worth $3,066,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID raised its holdings in First Trust Nasdaq Semiconductor ETF by 25.9% in the second quarter. Legacy Wealth Managment LLC ID now owns 4,595 shares of the company’s stock worth $441,000 after purchasing an additional 945 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.