First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sees Unusually-High Trading Volume – Time to Buy?

Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) saw an uptick in trading volume on Wednesday . 309,602 shares traded hands during trading, an increase of 405% from the previous session’s volume of 61,309 shares.The stock last traded at $88.22 and had previously closed at $86.61.

First Trust Nasdaq Semiconductor ETF Trading Up 1.9 %

The firm has a 50-day moving average price of $90.78 and a 200 day moving average price of $93.29. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.1017 dividend. This represents a $0.41 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust Nasdaq Semiconductor ETF

A number of large investors have recently modified their holdings of FTXL. Bank of New York Mellon Corp boosted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 5,345 shares of the company’s stock valued at $534,000 after acquiring an additional 114 shares in the last quarter. FMR LLC increased its holdings in shares of First Trust Nasdaq Semiconductor ETF by 81.1% in the third quarter. FMR LLC now owns 326 shares of the company’s stock valued at $30,000 after buying an additional 146 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Nasdaq Semiconductor ETF by 24.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the company’s stock valued at $94,000 after acquiring an additional 185 shares during the last quarter. TriaGen Wealth Management LLC boosted its stake in shares of First Trust Nasdaq Semiconductor ETF by 0.7% during the 3rd quarter. TriaGen Wealth Management LLC now owns 28,781 shares of the company’s stock worth $2,685,000 after acquiring an additional 187 shares in the last quarter. Finally, StoneX Group Inc. raised its position in shares of First Trust Nasdaq Semiconductor ETF by 1.2% during the third quarter. StoneX Group Inc. now owns 20,194 shares of the company’s stock worth $1,884,000 after purchasing an additional 234 shares during the period.

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.