First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 52-Week High – Here’s Why

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $136.38 and last traded at $135.99, with a volume of 57496 shares traded. The stock had previously closed at $129.53.

First Trust Nasdaq Semiconductor ETF Price Performance

The stock has a 50-day moving average price of $126.32 and a 200-day moving average price of $111.47. The company has a market capitalization of $1.39 billion, a P/E ratio of 28.27 and a beta of 1.41.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.1203 dividend. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, December 12th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.4%.

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

A number of hedge funds have recently bought and sold shares of the company. Grimes & Company Inc. bought a new position in First Trust Nasdaq Semiconductor ETF during the 2nd quarter valued at $8,648,000. Truist Financial Corp raised its holdings in shares of First Trust Nasdaq Semiconductor ETF by 14.3% in the third quarter. Truist Financial Corp now owns 122,609 shares of the company’s stock valued at $13,712,000 after purchasing an additional 15,369 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in First Trust Nasdaq Semiconductor ETF by 73.8% during the third quarter. Susquehanna International Group LLP now owns 27,861 shares of the company’s stock worth $3,116,000 after purchasing an additional 11,830 shares during the last quarter. Ethos Financial Group LLC bought a new stake in First Trust Nasdaq Semiconductor ETF in the 3rd quarter worth about $951,000. Finally, Cetera Investment Advisers grew its position in First Trust Nasdaq Semiconductor ETF by 18.6% in the 2nd quarter. Cetera Investment Advisers now owns 43,762 shares of the company’s stock worth $4,199,000 after purchasing an additional 6,874 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.