GAMMA Investing LLC Invests $54,000 in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

GAMMA Investing LLC purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 576 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in First Trust Nasdaq Semiconductor ETF during the 2nd quarter valued at about $51,000. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Nasdaq Semiconductor ETF by 24.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the company’s stock worth $94,000 after buying an additional 185 shares in the last quarter. Comerica Bank boosted its stake in shares of First Trust Nasdaq Semiconductor ETF by 30.5% during the 1st quarter. Comerica Bank now owns 1,754 shares of the company’s stock valued at $159,000 after buying an additional 410 shares during the period. Brookstone Capital Management purchased a new position in shares of First Trust Nasdaq Semiconductor ETF during the 2nd quarter valued at $269,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter worth $231,000.

First Trust Nasdaq Semiconductor ETF Trading Down 0.4 %

FTXL opened at $92.36 on Thursday. The stock has a fifty day moving average price of $90.87 and a 200 day moving average price of $92.79. First Trust Nasdaq Semiconductor ETF has a 1 year low of $61.62 and a 1 year high of $107.74. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.1017 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.41 dividend on an annualized basis and a yield of 0.44%.

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.