First Trust Nasdaq Semiconductor ETF $FTXL is Paragon Private Wealth Management LLC’s 8th Largest Position

Paragon Private Wealth Management LLC lowered its holdings in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 7.9% in the second quarter, Holdings Channel reports. The firm owned 28,128 shares of the company’s stock after selling 2,412 shares during the quarter. First Trust Nasdaq Semiconductor ETF accounts for 2.1% of Paragon Private Wealth Management LLC’s investment portfolio, making the stock its 8th biggest holding. Paragon Private Wealth Management LLC’s holdings in First Trust Nasdaq Semiconductor ETF were worth $8,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. First Trust Advisors LP purchased a new position in First Trust Nasdaq Semiconductor ETF during the 4th quarter worth $735,882,000. Wells Fargo & Company MN raised its holdings in shares of First Trust Nasdaq Semiconductor ETF by 238.2% in the fourth quarter. Wells Fargo & Company MN now owns 352,977 shares of the company’s stock valued at $45,723,000 after buying an additional 248,623 shares during the last quarter. Morgan Stanley boosted its stake in shares of First Trust Nasdaq Semiconductor ETF by 57.6% during the fourth quarter. Morgan Stanley now owns 487,464 shares of the company’s stock worth $63,144,000 after buying an additional 178,099 shares during the period. Advisory Services Network LLC boosted its stake in shares of First Trust Nasdaq Semiconductor ETF by 6,464.4% during the fourth quarter. Advisory Services Network LLC now owns 149,734 shares of the company’s stock worth $19,396,000 after buying an additional 147,453 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in shares of First Trust Nasdaq Semiconductor ETF by 1,454.9% during the fourth quarter. NewEdge Advisors LLC now owns 136,707 shares of the company’s stock worth $17,708,000 after buying an additional 127,915 shares during the period.

First Trust Nasdaq Semiconductor ETF Stock Up 0.9%

NASDAQ FTXL opened at $219.35 on Thursday. The firm has a market cap of $1.35 billion, a P/E ratio of 28.27 and a beta of 1.74. First Trust Nasdaq Semiconductor ETF has a 52-week low of $96.11 and a 52-week high of $297.36. The business’s 50-day moving average price is $236.58 and its 200 day moving average price is $213.62.

First Trust Nasdaq Semiconductor ETF Increases Dividend

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

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.