Compass Financial Management LLC Invests $5.29 Million in First Trust Nasdaq Semiconductor ETF $FTXL

Compass Financial Management LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,669 shares of the company’s stock, valued at approximately $5,294,000. Compass Financial Management LLC owned approximately 0.30% of First Trust Nasdaq Semiconductor ETF as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Hilton Head Capital Partners LLC acquired a new position in First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at about $26,000. NBC Securities Inc. increased its holdings in First Trust Nasdaq Semiconductor ETF by 27.9% in the 4th quarter. NBC Securities Inc. now owns 394 shares of the company’s stock valued at $51,000 after buying an additional 86 shares during the period. AlphaCore Capital LLC bought a new position in First Trust Nasdaq Semiconductor ETF in the 4th quarter valued at about $80,000. Sunbelt Securities Inc. bought a new position in First Trust Nasdaq Semiconductor ETF in the 1st quarter valued at about $94,000. Finally, HBK Sorce Advisory LLC acquired a new position in shares of First Trust Nasdaq Semiconductor ETF in the 4th quarter valued at approximately $177,000.

First Trust Nasdaq Semiconductor ETF Trading Down 0.9%

Shares of NASDAQ:FTXL opened at $226.17 on Friday. The firm has a 50 day moving average of $245.98 and a 200-day moving average of $209.38. First Trust Nasdaq Semiconductor ETF has a 12 month low of $95.74 and a 12 month high of $297.36. The stock has a market capitalization of $1.39 billion, a PE ratio of 28.27 and a beta of 1.74.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.0356 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.1%. This is a positive change from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 25th.

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.