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

Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $250.00 and last traded at $249.79, with a volume of 97055 shares trading hands. The stock had previously closed at $241.37.

First Trust Nasdaq Semiconductor ETF Stock Up 3.4%

The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 28.27 and a beta of 1.69. The business has a 50 day moving average price of $186.68 and a 200-day moving average price of $155.98.

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First Trust Nasdaq Semiconductor ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC boosted its holdings in First Trust Nasdaq Semiconductor ETF by 0.6% in the first quarter. Sound Income Strategies LLC now owns 9,922 shares of the company’s stock valued at $1,510,000 after purchasing an additional 61 shares during the last quarter. NBC Securities Inc. boosted 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. Twin Peaks Wealth Advisors LLC boosted its holdings in First Trust Nasdaq Semiconductor ETF by 2.5% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 4,608 shares of the company’s stock valued at $597,000 after purchasing an additional 113 shares during the last quarter. Outlook Wealth Advisors LLC boosted its holdings in First Trust Nasdaq Semiconductor ETF by 0.7% in the third quarter. Outlook Wealth Advisors LLC now owns 21,036 shares of the company’s stock valued at $2,353,000 after purchasing an additional 153 shares during the last quarter. Finally, Davis Investment Partners LLC boosted its holdings in First Trust Nasdaq Semiconductor ETF by 1.8% in the first quarter. Davis Investment Partners LLC now owns 9,893 shares of the company’s stock valued at $1,459,000 after purchasing an additional 172 shares during the last quarter.

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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