First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Reaches New 52-Week High – Still a Buy?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL – Get Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as $249.29 and last traded at $246.39, with a volume of 51578 shares trading hands. The stock had previously closed at $241.64.

First Trust Nasdaq Semiconductor ETF Price Performance

The stock has a market capitalization of $2.46 billion, a PE ratio of 28.27 and a beta of 1.69. The stock has a 50 day moving average of $174.37 and a two-hundred day moving average of $150.43.

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First Trust Nasdaq Semiconductor ETF Cuts Dividend

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

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth $26,000. Ameriflex Group Inc. acquired a new position in First Trust Nasdaq Semiconductor ETF during the third quarter worth $31,000. Flagship Harbor Advisors LLC acquired a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth $47,000. NBC Securities Inc. raised its holdings 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 last quarter. Finally, AlphaCore Capital LLC acquired a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth $80,000.

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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