Grimes & Company Inc. Buys Shares of 90,142 First Trust Nasdaq Semiconductor ETF $FTXL

Grimes & Company Inc. bought a new stake in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 90,142 shares of the company’s stock, valued at approximately $8,648,000. Grimes & Company Inc. owned 3.00% of First Trust Nasdaq Semiconductor ETF at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FTXL. Founders Financial Alliance LLC raised its position in shares of First Trust Nasdaq Semiconductor ETF by 10.0% during the first quarter. Founders Financial Alliance LLC now owns 1,406 shares of the company’s stock worth $106,000 after purchasing an additional 128 shares during the period. GAMMA Investing LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the second quarter worth about $26,000. Ameritas Advisory Services LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the second quarter worth about $30,000. NBC Securities Inc. raised its position in shares of First Trust Nasdaq Semiconductor ETF by 33,800.0% during the first quarter. NBC Securities Inc. now owns 339 shares of the company’s stock worth $25,000 after purchasing an additional 338 shares during the period. Finally, Twin Peaks Wealth Advisors LLC raised its position in shares of First Trust Nasdaq Semiconductor ETF by 9.6% during the first quarter. Twin Peaks Wealth Advisors LLC now owns 4,495 shares of the company’s stock worth $315,000 after purchasing an additional 395 shares during the period.

First Trust Nasdaq Semiconductor ETF Price Performance

NASDAQ FTXL opened at $116.09 on Monday. The firm has a market cap of $330.86 million, a P/E ratio of 28.27 and a beta of 1.29. The stock’s 50-day moving average is $102.82 and its 200-day moving average is $90.51. First Trust Nasdaq Semiconductor ETF has a one year low of $59.72 and a one year high of $117.30.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.0768 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.3%.

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.