First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Reaches New 1-Year High – What’s Next?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $163.33 and last traded at $162.8440, with a volume of 26298 shares changing hands. The stock had previously closed at $159.42.

First Trust Nasdaq Semiconductor ETF Trading Down 1.4%

The firm has a market capitalization of $1.61 billion, a P/E ratio of 28.27 and a beta of 1.41. The company’s fifty day simple moving average is $147.41 and its 200 day simple moving average is $126.24.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.1203 per share. This is a positive change from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, December 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. NBC Securities Inc. grew its stake in First Trust Nasdaq Semiconductor ETF by 27.9% in the fourth quarter. NBC Securities Inc. now owns 394 shares of the company’s stock worth $51,000 after purchasing an additional 86 shares during the period. Ballew Advisors Inc boosted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 3.1% during the 3rd quarter. Ballew Advisors Inc now owns 3,316 shares of the company’s stock valued at $379,000 after buying an additional 100 shares in the last quarter. Twin Peaks Wealth Advisors LLC grew its position in shares of First Trust Nasdaq Semiconductor ETF by 2.5% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 4,608 shares of the company’s stock worth $597,000 after buying an additional 113 shares during the period. Outlook Wealth Advisors LLC increased its stake in shares of First Trust Nasdaq Semiconductor ETF by 0.7% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 21,036 shares of the company’s stock worth $2,353,000 after acquiring an additional 153 shares in the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the 4th quarter worth about $26,000.

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.