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

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXLGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $296.13 and last traded at $296.13, with a volume of 3685 shares traded. The stock had previously closed at $289.20.

First Trust Nasdaq Semiconductor ETF Price Performance

The company’s fifty day moving average price is $233.94 and its 200-day moving average price is $177.05. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 28.27 and a beta of 1.73.

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 issued a $0.0131 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

Large investors have recently made changes to their positions in the stock. Byrne Financial Freedom LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at approximately $427,000. D.A. Davidson & CO. purchased a new position in First Trust Nasdaq Semiconductor ETF during the 4th quarter worth approximately $1,954,000. Trust Co. of Oklahoma purchased a new position in First Trust Nasdaq Semiconductor ETF during the 4th quarter worth approximately $1,399,000. Global View Capital Management LLC acquired a new stake in First Trust Nasdaq Semiconductor ETF during the 4th quarter valued at approximately $785,000. Finally, Sound Income Strategies LLC acquired a new stake in First Trust Nasdaq Semiconductor ETF during the 4th quarter valued at approximately $1,277,000.

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.

Further Reading

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