NewEdge Advisors LLC Decreases Stock Holdings in First Trust Nasdaq Semiconductor ETF $FTXL

NewEdge Advisors LLC lowered its stake in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 3.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 116,690 shares of the company’s stock after selling 3,949 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Nasdaq Semiconductor ETF were worth $33,251,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Sound Income Strategies LLC grew its stake in shares of First Trust Nasdaq Semiconductor ETF by 0.6% in the first quarter. Sound Income Strategies LLC now owns 9,922 shares of the company’s stock worth $1,510,000 after acquiring an additional 61 shares during the period. Twin Peaks Wealth Advisors LLC lifted its position in 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 valued at $597,000 after purchasing an additional 113 shares during the period. Davis Investment Partners LLC lifted its position in First Trust Nasdaq Semiconductor ETF by 1.8% during the first quarter. Davis Investment Partners LLC now owns 9,893 shares of the company’s stock valued at $1,459,000 after purchasing an additional 172 shares during the period. Hilton Head Capital Partners LLC bought a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at approximately $26,000. Finally, Orion Capital Management LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF in the second quarter worth approximately $57,000.

First Trust Nasdaq Semiconductor ETF Trading Up 1.0%

NASDAQ:FTXL opened at $235.15 on Thursday. First Trust Nasdaq Semiconductor ETF has a 12 month low of $102.56 and a 12 month high of $297.36. The company has a market cap of $1.45 billion, a PE ratio of 28.27 and a beta of 1.74. The company has a 50 day simple moving average of $231.96 and a two-hundred day simple moving average of $216.16.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0356 dividend. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, June 25th. 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.