First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Reaches New 52-Week High – Time to Buy?

Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) reached a new 52-week high on Friday . The stock traded as high as $144.49 and last traded at $144.5290, with a volume of 23070 shares traded. The stock had previously closed at $139.94.

First Trust Nasdaq Semiconductor ETF Stock Performance

The stock has a 50-day moving average of $127.86 and a 200-day moving average of $113.20. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 28.27 and a beta of 1.41.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.1203 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC bought a new stake in First Trust Nasdaq Semiconductor ETF during the 2nd quarter worth about $30,000. GAMMA Investing LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the second quarter valued at about $26,000. Avantax Advisory Services Inc. raised its holdings in First Trust Nasdaq Semiconductor ETF by 2.0% during the second quarter. Avantax Advisory Services Inc. now owns 44,350 shares of the company’s stock worth $4,255,000 after acquiring an additional 880 shares in the last quarter. Cetera Investment Advisers boosted its position in First Trust Nasdaq Semiconductor ETF by 18.6% during the second quarter. Cetera Investment Advisers now owns 43,762 shares of the company’s stock valued at $4,199,000 after purchasing an additional 6,874 shares during the last quarter. Finally, Ethos Financial Group LLC bought a new position in First Trust Nasdaq Semiconductor ETF in the third quarter valued at approximately $951,000.

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.