First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Reaches New 52-Week High – What’s Next?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s stock price reached a new 52-week high on Monday . The company traded as high as $189.87 and last traded at $188.47, with a volume of 16091 shares traded. The stock had previously closed at $188.55.

First Trust Nasdaq Semiconductor ETF Stock Up 0.5%

The company has a market cap of $1.97 billion, a PE ratio of 28.27 and a beta of 1.43. The stock’s 50 day simple moving average is $158.35 and its two-hundred day simple moving average is $141.10.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.0131 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.05 dividend on an annualized basis and a yield of 0.0%.

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

A number of large investors have recently bought and sold shares of FTXL. Hilton Head Capital Partners LLC purchased a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new position in First Trust Nasdaq Semiconductor ETF during the third quarter worth approximately $31,000. Flagship Harbor Advisors LLC purchased a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth approximately $47,000. NBC Securities Inc. raised its stake in First Trust Nasdaq Semiconductor ETF by 27.9% during the fourth quarter. NBC Securities Inc. now owns 394 shares of the company’s stock worth $51,000 after purchasing an additional 86 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth approximately $80,000.

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.