Envestnet Asset Management Inc. Buys 13,373 Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Envestnet Asset Management Inc. grew its stake in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 54.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,112 shares of the company’s stock after acquiring an additional 13,373 shares during the period. Envestnet Asset Management Inc. owned 1.04% of First Trust Nasdaq Semiconductor ETF worth $3,326,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FTXL. Raymond James Financial Inc. bought a new stake in shares of First Trust Nasdaq Semiconductor ETF in the 4th quarter valued at about $20,984,000. Kiker Wealth Management LLC purchased a new position in shares of First Trust Nasdaq Semiconductor ETF in the 4th quarter valued at $5,092,000. Private Advisor Group LLC increased its holdings in shares of First Trust Nasdaq Semiconductor ETF by 151.5% in the 4th quarter. Private Advisor Group LLC now owns 28,832 shares of the company’s stock valued at $2,516,000 after acquiring an additional 17,368 shares during the period. Tudor Financial Inc. bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the 3rd quarter worth $955,000. Finally, Nilsine Partners LLC boosted its position in First Trust Nasdaq Semiconductor ETF by 4.8% during the fourth quarter. Nilsine Partners LLC now owns 178,580 shares of the company’s stock valued at $15,585,000 after purchasing an additional 8,203 shares in the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Up 6.3 %

NASDAQ FTXL opened at $74.19 on Friday. First Trust Nasdaq Semiconductor ETF has a 52 week low of $59.72 and a 52 week high of $107.74. The company has a 50 day moving average price of $77.03 and a 200 day moving average price of $85.61. The firm has a market cap of $218.86 million, a PE ratio of 19.82 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.0342 per share. This represents a $0.14 annualized dividend and a yield of 0.18%. The ex-dividend date was Thursday, March 27th.

First Trust Nasdaq Semiconductor ETF Company 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.