NewEdge Advisors LLC Increases Stake in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

NewEdge Advisors LLC raised its holdings in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 0.6% in the second quarter, Holdings Channel reports. The institutional investor owned 208,066 shares of the company’s stock after acquiring an additional 1,227 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Nasdaq Semiconductor ETF were worth $20,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FTXL. BNP Paribas Financial Markets bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the first quarter worth approximately $4,527,000. Oppenheimer & Co. Inc. boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 41.4% in the first quarter. Oppenheimer & Co. Inc. now owns 76,392 shares of the company’s stock worth $6,917,000 after purchasing an additional 22,377 shares during the period. Cetera Investment Advisers boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 170.4% in the first quarter. Cetera Investment Advisers now owns 29,674 shares of the company’s stock worth $2,687,000 after purchasing an additional 18,700 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 25.7% in the first quarter. Janney Montgomery Scott LLC now owns 76,626 shares of the company’s stock worth $6,938,000 after purchasing an additional 15,662 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 26.4% in the fourth quarter. Stifel Financial Corp now owns 58,062 shares of the company’s stock worth $4,734,000 after purchasing an additional 12,123 shares during the period.

First Trust Nasdaq Semiconductor ETF Price Performance

FTXL opened at $94.04 on Monday. The firm has a market cap of $1.50 billion, a P/E ratio of 24.77 and a beta of 1.29. First Trust Nasdaq Semiconductor ETF has a 1-year low of $61.62 and a 1-year high of $107.74. The company has a 50 day simple moving average of $90.50 and a two-hundred day simple moving average of $92.45.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be given a $0.1017 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.43%.

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.