Oppenheimer & Co. Inc. Decreases Stock Position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Oppenheimer & Co. Inc. cut its holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 93.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,259 shares of the company’s stock after selling 43,247 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.11% of First Trust Nasdaq Semiconductor ETF worth $246,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. raised its stake in First Trust Nasdaq Semiconductor ETF by 33,800.0% in the first quarter. NBC Securities Inc. now owns 339 shares of the company’s stock valued at $25,000 after buying an additional 338 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at about $39,000. Aptus Capital Advisors LLC raised its stake in First Trust Nasdaq Semiconductor ETF by 1,561.9% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,443 shares of the company’s stock valued at $213,000 after buying an additional 2,296 shares during the last quarter. Legacy Investment Solutions LLC raised its stake in First Trust Nasdaq Semiconductor ETF by 133.8% in the fourth quarter. Legacy Investment Solutions LLC now owns 3,224 shares of the company’s stock valued at $281,000 after buying an additional 1,845 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 323.6% in the fourth quarter. JPMorgan Chase & Co. now owns 3,817 shares of the company’s stock worth $333,000 after purchasing an additional 2,916 shares during the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Up 0.8%

Shares of NASDAQ:FTXL opened at $98.49 on Friday. First Trust Nasdaq Semiconductor ETF has a 52-week low of $59.72 and a 52-week high of $107.74. The stock has a market cap of $280.70 million, a price-to-earnings ratio of 28.27 and a beta of 1.35. The business has a 50-day moving average price of $85.88 and a 200-day moving average price of $83.95.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.1365 dividend. This represents a $0.55 annualized dividend and a dividend yield of 0.55%. This is a boost from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, June 26th.

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.