Members Advisory Group LLC Sells 6,598 Shares of First Trust Nasdaq Semiconductor ETF $FTXL

Members Advisory Group LLC decreased its holdings in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 87.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 979 shares of the company’s stock after selling 6,598 shares during the quarter. Members Advisory Group LLC’s holdings in First Trust Nasdaq Semiconductor ETF were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FTXL. Byrne Financial Freedom LLC bought a new stake in First Trust Nasdaq Semiconductor ETF during the 4th quarter worth about $427,000. World Investment Advisors bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the 4th quarter valued at about $5,023,000. WCG Wealth Advisors LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at about $16,521,000. Kestra Advisory Services LLC increased its position 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 acquiring an additional 5,906 shares during the last quarter. Finally, Alaska Permanent Capital Management LLC bought a new stake in First Trust Nasdaq Semiconductor ETF during the first quarter worth about $6,466,000.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of NASDAQ FTXL opened at $227.85 on Friday. The stock has a 50 day moving average price of $234.57 and a 200 day moving average price of $214.16. First Trust Nasdaq Semiconductor ETF has a 52 week low of $99.28 and a 52 week high of $297.36. The stock has a market capitalization of $1.40 billion, a PE ratio of 28.27 and a beta of 1.74.

First Trust Nasdaq Semiconductor ETF Increases Dividend

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

First Trust Nasdaq Semiconductor ETF 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.