Prasad Wealth Partners LLC Makes New Investment in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Prasad Wealth Partners LLC bought a new stake in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,564 shares of the company’s stock, valued at approximately $311,000.

A number of other institutional investors and hedge funds have also modified their holdings of FTXL. Private Advisor Group LLC grew its holdings in First Trust Nasdaq Semiconductor ETF by 151.5% during the 4th quarter. Private Advisor Group LLC now owns 28,832 shares of the company’s stock worth $2,516,000 after acquiring an additional 17,368 shares during the period. Global Retirement Partners LLC grew its stake in shares of First Trust Nasdaq Semiconductor ETF by 144.8% during the fourth quarter. Global Retirement Partners LLC now owns 617 shares of the company’s stock worth $54,000 after purchasing an additional 365 shares during the period. Truist Financial Corp grew its stake in shares of First Trust Nasdaq Semiconductor ETF by 1.4% during the fourth quarter. Truist Financial Corp now owns 109,903 shares of the company’s stock worth $9,591,000 after purchasing an additional 1,484 shares during the period. Spire Wealth Management bought a new stake in First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at about $42,000. Finally, Fifth Third Securities Inc. bought a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth about $311,000.

First Trust Nasdaq Semiconductor ETF Price Performance

Shares of FTXL stock opened at $87.90 on Tuesday. The stock has a 50-day moving average of $89.65 and a 200-day moving average of $90.33. First Trust Nasdaq Semiconductor ETF has a one year low of $78.34 and a one year high of $107.74. The stock has a market cap of $320.84 million, a PE ratio of 24.77 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.1657 dividend. This is a positive change from First Trust Nasdaq Semiconductor ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, December 13th.

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.