Paragon Private Wealth Management LLC Decreases Position in First Trust Nasdaq Semiconductor ETF $FTXL

Paragon Private Wealth Management LLC cut its holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,480 shares of the company’s stock after selling 2,880 shares during the period. First Trust Nasdaq Semiconductor ETF makes up 1.3% of Paragon Private Wealth Management LLC’s portfolio, making the stock its 15th largest position. Paragon Private Wealth Management LLC’s holdings in First Trust Nasdaq Semiconductor ETF were worth $4,078,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Hilton Head Capital Partners LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at about $26,000. Ameriflex Group Inc. purchased a new stake in First Trust Nasdaq Semiconductor ETF during the 3rd quarter valued at about $31,000. Flagship Harbor Advisors LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF during the 4th quarter valued at about $47,000. NBC Securities Inc. grew its position in First Trust Nasdaq Semiconductor ETF by 27.9% during the 4th quarter. NBC Securities Inc. now owns 394 shares of the company’s stock worth $51,000 after acquiring an additional 86 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new position in First Trust Nasdaq Semiconductor ETF during the 4th quarter worth approximately $80,000.

First Trust Nasdaq Semiconductor ETF Price Performance

Shares of First Trust Nasdaq Semiconductor ETF stock opened at $253.15 on Wednesday. First Trust Nasdaq Semiconductor ETF has a one year low of $88.79 and a one year high of $280.96. The business’s 50 day simple moving average is $214.82 and its two-hundred day simple moving average is $168.46. The stock has a market capitalization of $2.61 billion, a P/E ratio of 28.27 and a beta of 1.73.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.0131 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.05 annualized dividend and a dividend yield of 0.0%.

First Trust Nasdaq Semiconductor ETF 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.