First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 12-Month High – Here’s Why

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $152.58 and last traded at $154.0440, with a volume of 41968 shares trading hands. The stock had previously closed at $147.25.

First Trust Nasdaq Semiconductor ETF Trading Up 3.5%

The stock has a 50 day moving average of $130.91 and a 200-day moving average of $115.78. The stock has a market capitalization of $1.59 billion, a P/E ratio of 28.27 and a beta of 1.41.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.1203 per share. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.08. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new position in shares of First Trust Nasdaq Semiconductor ETF during the second quarter worth approximately $26,000. Ameritas Advisory Services LLC bought a new position in First Trust Nasdaq Semiconductor ETF in the second quarter worth approximately $30,000. Ameriflex Group Inc. purchased a new position in First Trust Nasdaq Semiconductor ETF during the 3rd quarter worth $31,000. Flagship Harbor Advisors LLC purchased a new position in First Trust Nasdaq Semiconductor ETF during the 4th quarter worth $47,000. Finally, SBI Securities Co. Ltd. raised its position in First Trust Nasdaq Semiconductor ETF by 73.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 783 shares of the company’s stock valued at $75,000 after purchasing an additional 332 shares in the last quarter.

About First Trust Nasdaq Semiconductor ETF

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.