Adams Wealth Management Has $2.23 Million Stock Position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Adams Wealth Management boosted its stake in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 3.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,560 shares of the company’s stock after purchasing an additional 941 shares during the quarter. Adams Wealth Management’s holdings in First Trust Nasdaq Semiconductor ETF were worth $2,231,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FMR LLC increased its stake in shares of First Trust Nasdaq Semiconductor ETF by 81.1% in the third quarter. FMR LLC now owns 326 shares of the company’s stock worth $30,000 after acquiring an additional 146 shares during the last quarter. Tudor Financial Inc. purchased a new position in First Trust Nasdaq Semiconductor ETF in the third quarter valued at about $955,000. Wilmington Savings Fund Society FSB acquired a new position in First Trust Nasdaq Semiconductor ETF in the 3rd quarter worth about $49,000. Apeiron RIA LLC raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 11.4% during the 4th quarter. Apeiron RIA LLC now owns 6,892 shares of the company’s stock worth $601,000 after purchasing an additional 707 shares in the last quarter. Finally, Nilsine Partners LLC lifted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 4.8% during the 4th quarter. Nilsine Partners LLC now owns 178,580 shares of the company’s stock valued at $15,585,000 after buying an additional 8,203 shares during the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of NASDAQ FTXL opened at $69.77 on Tuesday. The stock has a market cap of $209.31 million, a price-to-earnings ratio of 19.82 and a beta of 1.29. The business has a 50 day simple moving average of $80.21 and a 200 day simple moving average of $86.84. First Trust Nasdaq Semiconductor ETF has a 52 week low of $59.72 and a 52 week high of $107.74.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.0342 dividend. This represents a $0.14 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend was Thursday, March 27th.

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.