World Investment Advisors Cuts Stock Position in First Trust Nasdaq Semiconductor ETF $FTXL

World Investment Advisors trimmed its stake in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 10.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,813 shares of the company’s stock after selling 3,973 shares during the period. World Investment Advisors owned 0.34% of First Trust Nasdaq Semiconductor ETF worth $5,134,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FTXL. Sound Income Strategies LLC raised its position in shares of First Trust Nasdaq Semiconductor ETF by 0.6% during the 1st quarter. Sound Income Strategies LLC now owns 9,922 shares of the company’s stock worth $1,510,000 after purchasing an additional 61 shares during the last quarter. Alaska Wealth Advisors LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF during the 1st quarter worth approximately $1,986,000. Alaska Permanent Capital Management LLC acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the first quarter valued at approximately $6,466,000. Davis Investment Partners LLC raised its holdings in shares of 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 acquiring an additional 172 shares during the last quarter. Finally, Aurora Private Wealth Inc. acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the first quarter valued at approximately $671,000.

First Trust Nasdaq Semiconductor ETF Price Performance

NASDAQ FTXL opened at $250.32 on Monday. The stock’s 50 day simple moving average is $251.65 and its 200-day simple moving average is $186.94. The company has a market cap of $2.42 billion, a PE ratio of 28.27 and a beta of 1.71. First Trust Nasdaq Semiconductor ETF has a 1-year low of $93.61 and a 1-year high of $297.36.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.0356 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.14 annualized dividend and a yield of 0.1%. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.01.

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.