First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 1-Year High – Here’s Why

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) reached a new 52-week high on Wednesday . The company traded as high as $160.39 and last traded at $155.7390, with a volume of 19856 shares traded. The stock had previously closed at $153.63.

First Trust Nasdaq Semiconductor ETF Trading Up 3.6%

The firm has a 50 day moving average of $140.70 and a 200-day moving average of $121.54. The company has a market cap of $1.65 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 disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.1203 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.08. This represents a $0.48 annualized dividend and a yield of 0.3%.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

Institutional investors have recently made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust Nasdaq Semiconductor ETF during the 4th quarter worth about $26,000. Ameritas Advisory Services LLC bought a new stake in First Trust Nasdaq Semiconductor ETF in the second quarter worth about $30,000. Ameriflex Group Inc. purchased a new position in shares of First Trust Nasdaq Semiconductor ETF during the third quarter valued at approximately $31,000. Flagship Harbor Advisors LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at approximately $47,000. Finally, NBC Securities Inc. raised its holdings in shares of First Trust Nasdaq Semiconductor ETF by 27.9% in the fourth quarter. NBC Securities Inc. now owns 394 shares of the company’s stock worth $51,000 after buying an additional 86 shares during the period.

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.