First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 12-Month High – Time to Buy?

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $283.66 and last traded at $283.31, with a volume of 53394 shares changing hands. The stock had previously closed at $270.02.

First Trust Nasdaq Semiconductor ETF Price Performance

The firm has a market cap of $2.76 billion, a PE ratio of 28.27 and a beta of 1.73. The firm has a 50-day simple moving average of $226.53 and a 200 day simple moving average of $173.70.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

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

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Hilton Head Capital Partners LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at $26,000. Ameriflex Group Inc. bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the third quarter valued at $31,000. Flagship Harbor Advisors LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at $47,000. NBC Securities Inc. increased its holdings 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 valued at $51,000 after acquiring an additional 86 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at $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.