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

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s share price reached a new 52-week high on Thursday . The company traded as high as $149.87 and last traded at $149.1820, with a volume of 4225 shares traded. The stock had previously closed at $144.70.

First Trust Nasdaq Semiconductor ETF Trading Up 1.2%

The company has a 50-day moving average of $130.00 and a 200-day moving average of $114.82. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 28.27 and a beta of 1.41.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.1203 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ballew Advisors Inc raised its stake in First Trust Nasdaq Semiconductor ETF by 3.1% in the 3rd quarter. Ballew Advisors Inc now owns 3,316 shares of the company’s stock worth $379,000 after acquiring an additional 100 shares during the last quarter. Outlook Wealth Advisors LLC raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 0.7% in the third quarter. Outlook Wealth Advisors LLC now owns 21,036 shares of the company’s stock worth $2,353,000 after purchasing an additional 153 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the second quarter worth about $26,000. Ameriflex Group Inc. acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the third quarter worth about $31,000. Finally, Oppenheimer & Co. Inc. boosted its position in First Trust Nasdaq Semiconductor ETF by 2.7% in the third quarter. Oppenheimer & Co. Inc. now owns 11,238 shares of the company’s stock valued at $1,257,000 after buying an additional 292 shares during the last quarter.

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.