First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Reaches New 1-Year High – Here’s What Happened

Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXLGet Free Report) reached a new 52-week high on Monday . The company traded as high as $213.21 and last traded at $213.21, with a volume of 1536 shares. The stock had previously closed at $210.00.

First Trust Nasdaq Semiconductor ETF Stock Performance

The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 28.27 and a beta of 1.43. The business’s 50 day simple moving average is $162.95 and its 200-day simple moving average is $144.14.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at $26,000. Ameriflex Group Inc. acquired a new position in First Trust Nasdaq Semiconductor ETF during the 3rd quarter valued at about $31,000. Flagship Harbor Advisors LLC bought a new stake in shares of First Trust Nasdaq Semiconductor ETF during the 4th quarter worth about $47,000. NBC Securities Inc. lifted its stake in shares of First Trust Nasdaq Semiconductor ETF by 27.9% in the 4th quarter. NBC Securities Inc. now owns 394 shares of the company’s stock worth $51,000 after acquiring an additional 86 shares during the period. Finally, AlphaCore Capital LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at approximately $80,000.

About First Trust Nasdaq Semiconductor ETF

(Get Free Report)

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.

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