D.A. Davidson & CO. Makes New $1.95 Million Investment in First Trust Nasdaq Semiconductor ETF $FTXL

D.A. Davidson & CO. bought a new position in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) in the 4th quarter, HoldingsChannel reports. The fund bought 15,081 shares of the company’s stock, valued at approximately $1,954,000.

Other hedge funds also recently bought and sold shares of the company. Ameriflex Group Inc. purchased a new position in First Trust Nasdaq Semiconductor ETF during the third quarter worth about $31,000. Flagship Harbor Advisors LLC purchased a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth about $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 buying an additional 86 shares during the period. AE Wealth Management LLC boosted its stake in First Trust Nasdaq Semiconductor ETF by 267.3% during the third quarter. AE Wealth Management LLC now owns 764 shares of the company’s stock worth $85,000 after buying an additional 556 shares during the period. Finally, Smith Moore & CO. purchased a new position in First Trust Nasdaq Semiconductor ETF during the third quarter worth about $206,000.

First Trust Nasdaq Semiconductor ETF Price Performance

Shares of FTXL stock opened at $215.88 on Friday. The firm has a market cap of $2.23 billion, a PE ratio of 28.27 and a beta of 1.43. The company has a 50-day moving average of $165.10 and a two-hundred day moving average of $145.06. First Trust Nasdaq Semiconductor ETF has a 1-year low of $74.40 and a 1-year high of $216.08.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company 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%.

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.