NewEdge Advisors LLC Sells 3,949 Shares of First Trust Nasdaq Semiconductor ETF $FTXL

NewEdge Advisors LLC lessened its stake in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,690 shares of the company’s stock after selling 3,949 shares during the quarter. NewEdge Advisors LLC owned 1.90% of First Trust Nasdaq Semiconductor ETF worth $33,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FTXL. Hilton Head Capital Partners LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF during the 4th quarter valued at about $26,000. Orion Capital Management LLC purchased a new position in First Trust Nasdaq Semiconductor ETF in the second quarter worth about $57,000. AlphaCore Capital LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter worth approximately $80,000. Sunbelt Securities Inc. bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the first quarter worth approximately $94,000. Finally, HBK Sorce Advisory LLC purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at approximately $177,000.

First Trust Nasdaq Semiconductor ETF Stock Up 1.0%

Shares of FTXL opened at $235.15 on Thursday. The company has a market capitalization of $1.45 billion, a P/E ratio of 28.27 and a beta of 1.74. The firm has a 50 day moving average of $231.96 and a 200 day moving average of $216.16. First Trust Nasdaq Semiconductor ETF has a twelve month low of $102.56 and a twelve month high of $297.36.

First Trust Nasdaq Semiconductor ETF Increases Dividend

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

First Trust Nasdaq Semiconductor ETF Profile

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.