CacheTech Inc. Cuts Position in First Trust Nasdaq Semiconductor ETF $FTXL

CacheTech Inc. trimmed its position in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 42.5% during the second quarter, Holdings Channel reports. The firm owned 20,159 shares of the company’s stock after selling 14,903 shares during the quarter. CacheTech Inc.’s holdings in First Trust Nasdaq Semiconductor ETF were worth $1,934,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the second quarter valued at $26,000. Ameritas Advisory Services LLC acquired a new position in First Trust Nasdaq Semiconductor ETF in the 2nd quarter valued at about $30,000. SBI Securities Co. Ltd. increased its stake in First Trust Nasdaq Semiconductor ETF by 73.6% during the second quarter. SBI Securities Co. Ltd. now owns 783 shares of the company’s stock worth $75,000 after purchasing an additional 332 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the second quarter worth about $243,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the second quarter worth about $245,000.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of FTXL stock opened at $128.01 on Monday. First Trust Nasdaq Semiconductor ETF has a fifty-two week low of $59.72 and a fifty-two week high of $136.30. The company has a 50 day moving average price of $122.80 and a 200 day moving average price of $107.23. The stock has a market capitalization of $358.43 million, a P/E ratio of 28.27 and a beta of 1.41.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a $0.1203 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. This is a positive change from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, December 12th.

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.