First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 1-Year High – Here’s Why

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $136.38 and last traded at $135.99, with a volume of 57496 shares trading hands. The stock had previously closed at $129.53.

First Trust Nasdaq Semiconductor ETF Stock Up 5.0%

The company’s 50-day simple moving average is $126.32 and its 200 day simple moving average is $111.32. The company has a market capitalization of $1.39 billion, a P/E ratio of 28.27 and a beta of 1.41.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1203 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.08. This represents a $0.48 annualized dividend and a yield of 0.4%.

Institutional Trading of First Trust Nasdaq Semiconductor ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the 2nd quarter valued at about $26,000. Ameritas Advisory Services LLC bought a new stake in First Trust Nasdaq Semiconductor ETF during the second quarter worth approximately $30,000. Ameriflex Group Inc. acquired a new position in First Trust Nasdaq Semiconductor ETF during the third quarter valued at approximately $31,000. SBI Securities Co. Ltd. raised its position in shares of First Trust Nasdaq Semiconductor ETF by 73.6% in the second quarter. SBI Securities Co. Ltd. now owns 783 shares of the company’s stock valued at $75,000 after purchasing an additional 332 shares during the period. Finally, AE Wealth Management LLC raised its position in shares of First Trust Nasdaq Semiconductor ETF by 267.3% in the third quarter. AE Wealth Management LLC now owns 764 shares of the company’s stock valued at $85,000 after purchasing an additional 556 shares during the period.

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.