First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 12-Month High – Should You Buy?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) shares reached a new 52-week high on Tuesday . The stock traded as high as $177.67 and last traded at $177.67, with a volume of 93040 shares. The stock had previously closed at $174.29.

First Trust Nasdaq Semiconductor ETF Stock Down 0.0%

The firm has a market capitalization of $1.84 billion, a P/E ratio of 28.27 and a beta of 1.43. The company’s 50 day moving average is $155.49 and its 200-day moving average is $138.83.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.0131 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.05 annualized dividend and a yield of 0.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hilton Head Capital Partners LLC bought a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth $26,000. Ameriflex Group Inc. bought a new position in First Trust Nasdaq Semiconductor ETF during the third quarter worth $31,000. Flagship Harbor Advisors LLC bought a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth $47,000. NBC Securities Inc. boosted its stake in First Trust Nasdaq Semiconductor ETF by 27.9% during the fourth quarter. NBC Securities Inc. now owns 394 shares of the company’s stock worth $51,000 after acquiring an additional 86 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth $80,000.

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.