First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Stock Crosses Below 200 Day Moving Average – Here’s Why

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-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 trading hands.

First Trust Nasdaq Semiconductor ETF Stock Down 7.8%

The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 28.27 and a beta of 1.75. The firm has a fifty day moving average price of $234.45 and a 200-day moving average price of $211.52.

Institutional Trading of First Trust Nasdaq Semiconductor ETF

A number of hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in shares of 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 buying an additional 204,409 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in First Trust Nasdaq Semiconductor ETF in the third quarter valued at $20,065,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in First Trust Nasdaq Semiconductor ETF during the third quarter valued at about $19,816,000. Royal Bank of Canada grew its position in First Trust Nasdaq Semiconductor ETF by 84.1% during the first quarter. Royal Bank of Canada now owns 111,553 shares of the company’s stock valued at $16,451,000 after acquiring an additional 50,964 shares during the period. Finally, Compass Financial Management LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF during the second quarter valued at about $5,294,000.

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.