Members Advisory Group LLC Sells 6,598 Shares of First Trust Nasdaq Semiconductor ETF $FTXL

Members Advisory Group LLC reduced its position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 87.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 979 shares of the company’s stock after selling 6,598 shares during the period. Members Advisory Group LLC’s holdings in First Trust Nasdaq Semiconductor ETF were worth $279,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC increased its position in First Trust Nasdaq Semiconductor ETF by 0.6% during the first quarter. Sound Income Strategies LLC now owns 9,922 shares of the company’s stock worth $1,510,000 after buying an additional 61 shares during the last quarter. Twin Peaks Wealth Advisors LLC raised its stake in First Trust Nasdaq Semiconductor ETF by 2.5% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 4,608 shares of the company’s stock valued at $597,000 after buying an additional 113 shares during the period. Davis Investment Partners LLC lifted its position in shares of First Trust Nasdaq Semiconductor ETF by 1.8% in the first quarter. Davis Investment Partners LLC now owns 9,893 shares of the company’s stock valued at $1,459,000 after buying an additional 172 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at approximately $26,000. Finally, Orion Capital Management LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the 2nd quarter worth approximately $57,000.

First Trust Nasdaq Semiconductor ETF Trading Up 3.6%

FTXL stock opened at $227.85 on Friday. First Trust Nasdaq Semiconductor ETF has a 1-year low of $99.28 and a 1-year high of $297.36. The business’s 50 day simple moving average is $234.57 and its 200 day simple moving average is $214.16. The firm has a market capitalization of $1.40 billion, a PE ratio of 28.27 and a beta of 1.74.

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%. This is a positive change from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 25th.

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.