First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 12-Month High – Should You Buy?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $283.66 and last traded at $283.31, with a volume of 53394 shares. The stock had previously closed at $270.02.

First Trust Nasdaq Semiconductor ETF Price Performance

The company has a 50-day simple moving average of $221.61 and a 200-day simple moving average of $171.52. The stock has a market cap of $2.91 billion, a PE ratio of 28.27 and a beta of 1.73.

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First Trust Nasdaq Semiconductor ETF Cuts Dividend

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

Institutional Inflows and Outflows

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

About First Trust Nasdaq Semiconductor ETF

(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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