NewEdge Advisors LLC Sells 16,068 Shares of First Trust Nasdaq Semiconductor ETF $FTXL

NewEdge Advisors LLC reduced its holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 11.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,639 shares of the company’s stock after selling 16,068 shares during the period. NewEdge Advisors LLC owned approximately 1.17% of First Trust Nasdaq Semiconductor ETF worth $17,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FTXL. Ameriprise Financial Inc. bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the 2nd quarter valued at about $245,000. Geneos Wealth Management Inc. increased its stake in First Trust Nasdaq Semiconductor ETF by 123.4% during the second quarter. Geneos Wealth Management Inc. now owns 3,362 shares of the company’s stock worth $323,000 after acquiring an additional 1,857 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in First Trust Nasdaq Semiconductor ETF during the second quarter worth approximately $243,000. Mariner LLC raised its position in First Trust Nasdaq Semiconductor ETF by 87.3% during the third quarter. Mariner LLC now owns 3,942 shares of the company’s stock valued at $441,000 after purchasing an additional 1,837 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in First Trust Nasdaq Semiconductor ETF by 323.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,875 shares of the company’s stock valued at $433,000 after purchasing an additional 2,960 shares during the period.

First Trust Nasdaq Semiconductor ETF Price Performance

NASDAQ:FTXL opened at $236.45 on Friday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 28.27 and a beta of 1.74. The business has a 50 day simple moving average of $251.41 and a 200-day simple moving average of $203.73. First Trust Nasdaq Semiconductor ETF has a 1 year low of $95.16 and a 1 year high of $297.36.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.0356 dividend. 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 yield of 0.1%. The ex-dividend date was Thursday, June 25th.

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.