LPL Financial LLC Sells 15,303 Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

LPL Financial LLC lowered its holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 6.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 228,692 shares of the company’s stock after selling 15,303 shares during the quarter. LPL Financial LLC owned about 7.75% of First Trust Nasdaq Semiconductor ETF worth $17,278,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in shares of First Trust Nasdaq Semiconductor ETF by 323.6% during the fourth quarter. JPMorgan Chase & Co. now owns 3,817 shares of the company’s stock valued at $333,000 after purchasing an additional 2,916 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in First Trust Nasdaq Semiconductor ETF by 54.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 38,112 shares of the company’s stock worth $3,326,000 after buying an additional 13,373 shares in the last quarter. Raymond James Financial Inc. bought a new position in First Trust Nasdaq Semiconductor ETF in the 4th quarter valued at $20,984,000. Legacy Investment Solutions LLC boosted its position in First Trust Nasdaq Semiconductor ETF by 133.8% in the 4th 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, Adams Wealth Management increased its stake in shares of First Trust Nasdaq Semiconductor ETF by 3.8% in the 4th quarter. Adams Wealth Management now owns 25,560 shares of the company’s stock valued at $2,231,000 after buying an additional 941 shares during the period.

First Trust Nasdaq Semiconductor ETF Stock Down 0.5%

FTXL stock opened at $96.20 on Wednesday. The business has a fifty day moving average of $94.26 and a 200-day moving average of $85.32. The company has a market cap of $288.60 million, a P/E ratio of 28.27 and a beta of 1.29. First Trust Nasdaq Semiconductor ETF has a twelve month low of $59.72 and a twelve month high of $100.63.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.1365 dividend. 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. This represents a $0.55 annualized dividend and a dividend yield of 0.6%.

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.