First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 1-Year High – Still a Buy?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $268.77 and last traded at $258.92, with a volume of 195186 shares traded. The stock had previously closed at $262.95.

First Trust Nasdaq Semiconductor ETF Stock Down 1.5%

The firm has a fifty day simple moving average of $195.08 and a 200-day simple moving average of $159.62. The company has a market capitalization of $2.67 billion, a P/E ratio of 28.27 and a beta of 1.69.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FTXL. Hilton Head Capital Partners LLC acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter worth about $26,000. Ameriflex Group Inc. acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the third quarter worth about $31,000. Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter worth about $47,000. NBC Securities Inc. boosted its position in shares of 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 buying an additional 86 shares during the period. Finally, AlphaCore Capital LLC acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter worth about $80,000.

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.