NewEdge Advisors LLC Sells 185,008 Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

NewEdge Advisors LLC lessened its stake in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 87.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,445 shares of the company’s stock after selling 185,008 shares during the period. NewEdge Advisors LLC owned 0.72% of First Trust Nasdaq Semiconductor ETF worth $2,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in First Trust Nasdaq Semiconductor ETF by 81.1% in the third quarter. FMR LLC now owns 326 shares of the company’s stock valued at $30,000 after purchasing an additional 146 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of First Trust Nasdaq Semiconductor ETF during the 4th quarter worth approximately $39,000. Spire Wealth Management acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the 4th quarter worth approximately $42,000. Wilmington Savings Fund Society FSB acquired a new position in First Trust Nasdaq Semiconductor ETF during the third quarter valued at approximately $49,000. Finally, Global Retirement Partners LLC lifted its stake in First Trust Nasdaq Semiconductor ETF by 144.8% during the fourth quarter. Global Retirement Partners LLC now owns 617 shares of the company’s stock worth $54,000 after purchasing an additional 365 shares during the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of FTXL opened at $66.07 on Tuesday. First Trust Nasdaq Semiconductor ETF has a 52-week low of $59.72 and a 52-week high of $107.74. The firm has a market cap of $194.91 million, a price-to-earnings ratio of 19.82 and a beta of 1.29. The business’s fifty day moving average is $78.17 and its 200-day moving average is $85.98.

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 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend was Thursday, March 27th.

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.