Concourse Financial Group Securities Inc. Has $177,000 Holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Concourse Financial Group Securities Inc. grew its stake in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 61.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,900 shares of the company’s stock after acquiring an additional 722 shares during the period. Concourse Financial Group Securities Inc.’s holdings in First Trust Nasdaq Semiconductor ETF were worth $177,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FTXL. BNP Paribas Financial Markets bought a new stake in First Trust Nasdaq Semiconductor ETF during the 1st quarter worth approximately $4,527,000. Brookstone Capital Management bought a new stake in First Trust Nasdaq Semiconductor ETF during the 2nd quarter worth approximately $269,000. International Assets Investment Management LLC bought a new stake in First Trust Nasdaq Semiconductor ETF during the 2nd quarter worth approximately $51,000. Comerica Bank boosted its position in First Trust Nasdaq Semiconductor ETF by 30.5% during the 1st quarter. Comerica Bank now owns 1,754 shares of the company’s stock worth $159,000 after acquiring an additional 410 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in First Trust Nasdaq Semiconductor ETF by 24.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the company’s stock worth $94,000 after acquiring an additional 185 shares during the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Up 0.1 %

NASDAQ:FTXL opened at $93.10 on Friday. The company has a market cap of $1.43 billion, a P/E ratio of 24.77 and a beta of 1.29. First Trust Nasdaq Semiconductor ETF has a twelve month low of $61.62 and a twelve month high of $107.74. The business has a 50 day moving average price of $91.25 and a two-hundred day moving average price of $92.79.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

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

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.