First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sees Strong Trading Volume – What’s Next?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXLGet Free Report) shares saw strong trading volume on Friday . 277,914 shares changed hands during trading, an increase of 290% from the previous session’s volume of 71,323 shares.The stock last traded at $88.88 and had previously closed at $88.08.

First Trust Nasdaq Semiconductor ETF Price Performance

The business has a 50-day moving average of $89.48 and a 200-day moving average of $92.49. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.1657 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is a boost from First Trust Nasdaq Semiconductor ETF’s previous dividend of $0.12.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the 2nd quarter worth about $51,000. Independent Advisor Alliance boosted its stake in First Trust Nasdaq Semiconductor ETF by 5.2% in the 3rd quarter. Independent Advisor Alliance now owns 29,972 shares of the company’s stock valued at $2,796,000 after purchasing an additional 1,495 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings 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 valued at $94,000 after buying an additional 185 shares in the last quarter. Bank of New York Mellon Corp increased its position in First Trust Nasdaq Semiconductor ETF by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,345 shares of the company’s stock worth $534,000 after buying an additional 114 shares during the period. Finally, Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the third quarter worth $2,484,000.

First Trust Nasdaq Semiconductor ETF Company Profile

(Get Free Report)

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.

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