Compass Financial Management LLC Buys Shares of 18,669 First Trust Nasdaq Semiconductor ETF $FTXL

Compass Financial Management LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 18,669 shares of the company’s stock, valued at approximately $5,294,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hilton Head Capital Partners LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter worth about $26,000. NBC Securities Inc. grew its holdings in shares of First Trust Nasdaq Semiconductor ETF by 27.9% during the 4th quarter. NBC Securities Inc. now owns 394 shares of the company’s stock valued at $51,000 after purchasing an additional 86 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of First Trust Nasdaq Semiconductor ETF during the 4th quarter valued at approximately $80,000. Sunbelt Securities Inc. acquired a new position in First Trust Nasdaq Semiconductor ETF during the 1st quarter worth approximately $94,000. Finally, First Heartland Consultants Inc. acquired a new position in First Trust Nasdaq Semiconductor ETF during the 2nd quarter worth approximately $346,000.

First Trust Nasdaq Semiconductor ETF Price Performance

Shares of NASDAQ:FTXL opened at $226.17 on Friday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 28.27 and a beta of 1.74. The firm has a 50 day simple moving average of $245.98 and a 200 day simple moving average of $209.38. First Trust Nasdaq Semiconductor ETF has a one year low of $95.74 and a one year high of $297.36.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.0356 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.01. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.1%.

First Trust Nasdaq Semiconductor ETF Company 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.