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

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $283.66 and last traded at $283.31, with a volume of 53394 shares traded. The stock had previously closed at $270.02.

First Trust Nasdaq Semiconductor ETF Stock Up 4.6%

The stock has a fifty day moving average of $221.61 and a 200-day moving average of $171.52. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 28.27 and a beta of 1.73.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid 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.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

Several large investors have recently modified their holdings of the stock. First Trust Advisors LP purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter worth approximately $735,882,000. Morgan Stanley raised its position in First Trust Nasdaq Semiconductor ETF by 57.6% in the fourth quarter. Morgan Stanley now owns 487,464 shares of the company’s stock worth $63,144,000 after acquiring an additional 178,099 shares in the last quarter. Wells Fargo & Company MN raised its position in First Trust Nasdaq Semiconductor ETF by 238.2% in the fourth quarter. Wells Fargo & Company MN now owns 352,977 shares of the company’s stock worth $45,723,000 after acquiring an additional 248,623 shares in the last quarter. LPL Financial LLC raised its position in First Trust Nasdaq Semiconductor ETF by 33.1% in the fourth quarter. LPL Financial LLC now owns 237,472 shares of the company’s stock worth $30,761,000 after acquiring an additional 59,001 shares in the last quarter. Finally, Nilsine Partners LLC raised its position in First Trust Nasdaq Semiconductor ETF by 4,499.8% in the fourth quarter. Nilsine Partners LLC now owns 175,114 shares of the company’s stock worth $22,683,000 after acquiring an additional 171,307 shares in the last quarter.

First Trust Nasdaq Semiconductor ETF Company Profile

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.