First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Raises Dividend to $0.04 Per Share

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be given a dividend of 0.0356 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 171.8% increase from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.01.

First Trust Nasdaq Semiconductor ETF Trading Up 4.1%

FTXL traded up $11.17 on Thursday, hitting $282.70. 330,594 shares of the company’s stock traded hands, compared to its average volume of 217,975. The company’s 50 day simple moving average is $240.32 and its 200-day simple moving average is $180.24. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 28.27 and a beta of 1.73. First Trust Nasdaq Semiconductor ETF has a one year low of $93.61 and a one year high of $297.36.

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.