Cwm LLC Grows Stock Holdings in First Trust Nasdaq Semiconductor ETF $FTXL

Cwm LLC grew its holdings in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 311.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,375 shares of the company’s stock after purchasing an additional 42,666 shares during the quarter. Cwm LLC owned approximately 0.54% of First Trust Nasdaq Semiconductor ETF worth $7,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Sound Income Strategies LLC acquired a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at approximately $1,277,000. Ethos Financial Group LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the third quarter worth $951,000. Davis Investment Partners LLC purchased a new position in shares of First Trust Nasdaq Semiconductor ETF in the 4th quarter valued at $1,322,000. Truist Financial Corp raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 14.3% in the 3rd quarter. Truist Financial Corp now owns 122,609 shares of the company’s stock valued at $13,712,000 after acquiring an additional 15,369 shares during the period. Finally, Trust Co. of Oklahoma acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the 4th quarter valued at $1,399,000.

First Trust Nasdaq Semiconductor ETF Trading Up 0.5%

Shares of NASDAQ FTXL opened at $189.50 on Tuesday. The stock has a fifty day moving average price of $157.61 and a 200 day moving average price of $140.57. First Trust Nasdaq Semiconductor ETF has a 12-month low of $64.62 and a 12-month high of $189.87. The company has a market cap of $1.96 billion, a P/E ratio of 28.27 and a beta of 1.43.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.0131 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Thursday, March 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.