First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s Why

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s stock price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $211.52 and traded as low as $206.16. First Trust Nasdaq Semiconductor ETF shares last traded at $211.33, with a volume of 170,699 shares.

First Trust Nasdaq Semiconductor ETF Stock Down 7.8%

The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 28.27 and a beta of 1.75. The company’s 50-day simple moving average is $234.45 and its 200-day simple moving average is $211.52.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

Several large investors have recently modified their holdings of FTXL. International Assets Investment Management LLC grew its position in First Trust Nasdaq Semiconductor ETF by 23,334.4% during the 3rd quarter. International Assets Investment Management LLC now owns 205,285 shares of the company’s stock worth $51,968,000 after purchasing an additional 204,409 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in First Trust Nasdaq Semiconductor ETF during the 3rd quarter valued at $20,065,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF in the third quarter valued at $19,816,000. Royal Bank of Canada lifted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 84.1% in the first quarter. Royal Bank of Canada now owns 111,553 shares of the company’s stock valued at $16,451,000 after purchasing an additional 50,964 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 12.7% in the first quarter. Kestra Advisory Services LLC now owns 52,462 shares of the company’s stock valued at $7,737,000 after purchasing an additional 5,906 shares in 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.