Sound Income Strategies LLC Takes Position in First Trust Nasdaq Semiconductor ETF $FTXL

Sound Income Strategies LLC purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 9,861 shares of the company’s stock, valued at approximately $1,277,000. Sound Income Strategies LLC owned approximately 0.09% of First Trust Nasdaq Semiconductor ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FTXL. Ameriflex Group Inc. bought a new stake in First Trust Nasdaq Semiconductor ETF during the third quarter valued at approximately $31,000. AE Wealth Management LLC lifted its position in First Trust Nasdaq Semiconductor ETF by 267.3% during the third quarter. AE Wealth Management LLC now owns 764 shares of the company’s stock valued at $85,000 after purchasing an additional 556 shares during the last quarter. Apeiron RIA LLC bought a new stake in First Trust Nasdaq Semiconductor ETF during the third quarter valued at approximately $201,000. Smith Moore & CO. bought a new stake in First Trust Nasdaq Semiconductor ETF during the third quarter valued at approximately $206,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in First Trust Nasdaq Semiconductor ETF during the second quarter valued at approximately $243,000.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of NASDAQ:FTXL opened at $156.46 on Wednesday. First Trust Nasdaq Semiconductor ETF has a 52-week low of $61.00 and a 52-week high of $163.32. The firm has a fifty day moving average of $152.99 and a 200 day moving average of $136.32. The firm has a market capitalization of $1.56 billion, a PE ratio of 28.27 and a beta of 1.43.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business 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 annualized dividend 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.