NewEdge Advisors LLC Sells 16,068 Shares of First Trust Nasdaq Semiconductor ETF $FTXL

NewEdge Advisors LLC cut its position in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 11.8% in the first quarter, Holdings Channel.com reports. The firm owned 120,639 shares of the company’s stock after selling 16,068 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Nasdaq Semiconductor ETF were worth $17,791,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Byrne Financial Freedom LLC bought a new stake in First Trust Nasdaq Semiconductor ETF in the fourth quarter worth about $427,000. World Investment Advisors bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at approximately $5,023,000. D.A. Davidson & CO. bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at approximately $1,954,000. TriaGen Wealth Management LLC purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter worth approximately $2,258,000. Finally, WCG Wealth Advisors LLC purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter worth approximately $16,521,000.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of FTXL stock opened at $236.45 on Friday. First Trust Nasdaq Semiconductor ETF has a 52-week low of $95.16 and a 52-week high of $297.36. The firm has a market capitalization of $1.45 billion, a P/E ratio of 28.27 and a beta of 1.74. The stock has a 50 day moving average price of $251.41 and a 200 day moving average price of $203.73.

First Trust Nasdaq Semiconductor ETF Increases Dividend

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

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.