WCG Wealth Advisors LLC Invests $16.52 Million in First Trust Nasdaq Semiconductor ETF $FTXL

WCG Wealth Advisors LLC acquired a new position in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 127,535 shares of the company’s stock, valued at approximately $16,521,000.

A number of other hedge funds also recently made changes to their positions in the stock. NBC Securities Inc. raised its position in shares of First Trust Nasdaq Semiconductor ETF by 27.9% during the fourth quarter. NBC Securities Inc. now owns 394 shares of the company’s stock worth $51,000 after acquiring an additional 86 shares during the last quarter. Twin Peaks Wealth Advisors LLC raised its position in shares of First Trust Nasdaq Semiconductor ETF by 2.5% during the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 4,608 shares of the company’s stock worth $597,000 after acquiring an additional 113 shares during the last quarter. Private Trust Co. NA increased its holdings in First Trust Nasdaq Semiconductor ETF by 10.8% in the fourth quarter. Private Trust Co. NA now owns 2,228 shares of the company’s stock worth $289,000 after purchasing an additional 218 shares in the last quarter. Western Wealth Management LLC increased its holdings in First Trust Nasdaq Semiconductor ETF by 3.3% in the fourth quarter. Western Wealth Management LLC now owns 7,843 shares of the company’s stock worth $1,016,000 after purchasing an additional 251 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new stake in First Trust Nasdaq Semiconductor ETF in the third quarter worth approximately $31,000.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of FTXL stock opened at $279.38 on Thursday. The company has a market cap of $2.88 billion, a P/E ratio of 28.27 and a beta of 1.69. The stock has a 50 day simple moving average of $206.27 and a two-hundred day simple moving average of $164.54. First Trust Nasdaq Semiconductor ETF has a fifty-two week low of $86.05 and a fifty-two week high of $280.96.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 was Thursday, March 26th.

First Trust Nasdaq Semiconductor ETF 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.