First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Reaches New 12-Month High – Should You Buy?

Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) reached a new 52-week high on Monday . The company traded as high as $216.35 and last traded at $216.35, with a volume of 2269 shares traded. The stock had previously closed at $215.88.

First Trust Nasdaq Semiconductor ETF Price Performance

The stock’s 50 day moving average is $165.10 and its two-hundred day moving average is $145.48. The stock has a market capitalization of $2.21 billion, a PE ratio of 28.27 and a beta of 1.69.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

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

Institutional Trading of First Trust Nasdaq Semiconductor ETF

A number of large investors have recently made changes to their positions in the company. Sound Income Strategies LLC increased its stake in shares of First Trust Nasdaq Semiconductor ETF by 0.6% during the first quarter. Sound Income Strategies LLC now owns 9,922 shares of the company’s stock worth $1,510,000 after buying an additional 61 shares during the period. NBC Securities Inc. increased its stake in shares of First Trust Nasdaq Semiconductor ETF by 27.9% during the fourth quarter. NBC Securities Inc. now owns 394 shares of the company’s stock worth $51,000 after buying an additional 86 shares during the period. Twin Peaks Wealth Advisors LLC increased its stake in First Trust Nasdaq Semiconductor ETF by 2.5% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 4,608 shares of the company’s stock valued at $597,000 after purchasing an additional 113 shares during the last quarter. Outlook Wealth Advisors LLC increased its stake in First Trust Nasdaq Semiconductor ETF by 0.7% in the third quarter. Outlook Wealth Advisors LLC now owns 21,036 shares of the company’s stock valued at $2,353,000 after purchasing an additional 153 shares during the last quarter. Finally, Davis Investment Partners LLC increased its stake in First Trust Nasdaq Semiconductor ETF by 1.8% in the first quarter. Davis Investment Partners LLC now owns 9,893 shares of the company’s stock valued at $1,459,000 after purchasing an additional 172 shares during the last quarter.

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.