First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Reaches New 12-Month High – Should You Buy?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $216.35 and last traded at $216.35, with a volume of 2269 shares traded. The stock had previously closed at $215.88.

First Trust Nasdaq Semiconductor ETF Stock Down 0.5%

The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 28.27 and a beta of 1.69. The company’s 50-day moving average price is $165.10 and its 200-day moving average price is $145.48.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0131 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Trading of First Trust Nasdaq Semiconductor ETF

Several hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF during the second quarter worth approximately $245,000. Geneos Wealth Management Inc. increased its stake in shares of 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 buying an additional 1,857 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF during the second quarter worth approximately $243,000. CWM LLC increased its stake in shares of First Trust Nasdaq Semiconductor ETF by 22.8% during the third quarter. CWM LLC now owns 13,709 shares of the company’s stock worth $1,533,000 after buying an additional 2,548 shares during the period. Finally, Ethos Financial Group LLC purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF during the third quarter worth approximately $951,000.

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.