First Trust Advisors LP Sells 1,288,721 Shares of First Trust Nasdaq Semiconductor ETF $FTXL

First Trust Advisors LP cut its holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 22.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,392,245 shares of the company’s stock after selling 1,288,721 shares during the quarter. First Trust Advisors LP owned approximately 42.64% of First Trust Nasdaq Semiconductor ETF worth $647,724,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of First Trust Nasdaq Semiconductor ETF by 238.2% in the 4th quarter. Wells Fargo & Company MN now owns 352,977 shares of the company’s stock worth $45,723,000 after purchasing an additional 248,623 shares during the period. Morgan Stanley increased its holdings in First Trust Nasdaq Semiconductor ETF by 57.6% during the fourth quarter. Morgan Stanley now owns 487,464 shares of the company’s stock valued at $63,144,000 after buying an additional 178,099 shares during the period. Nilsine Partners LLC increased its holdings in First Trust Nasdaq Semiconductor ETF by 4,499.8% during the fourth quarter. Nilsine Partners LLC now owns 175,114 shares of the company’s stock valued at $22,683,000 after buying an additional 171,307 shares during the period. Advisory Services Network LLC raised its stake in First Trust Nasdaq Semiconductor ETF by 6,464.4% in 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 in the last quarter. Finally, NewEdge Advisors LLC raised its stake in First Trust Nasdaq Semiconductor ETF by 1,454.9% in 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 in the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Up 6.0%

First Trust Nasdaq Semiconductor ETF stock opened at $242.04 on Wednesday. The business has a fifty day moving average of $256.74 and a two-hundred day moving average of $196.51. The firm has a market cap of $2.35 billion, a P/E ratio of 28.27 and a beta of 1.71. First Trust Nasdaq Semiconductor ETF has a twelve month low of $93.61 and a twelve month high of $297.36.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.0356 dividend. This represents a $0.14 annualized dividend and a dividend 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.