First Trust Nasdaq Semiconductor ETF $FTXL Shares Sold by Adams Wealth Management

Adams Wealth Management reduced its position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 42.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 20,159 shares of the company’s stock after selling 14,903 shares during the period. Adams Wealth Management’s holdings in First Trust Nasdaq Semiconductor ETF were worth $1,934,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FTXL. Osaic Holdings Inc. raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 4.7% in the 2nd quarter. Osaic Holdings Inc. now owns 22,278 shares of the company’s stock valued at $2,138,000 after purchasing an additional 999 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in First Trust Nasdaq Semiconductor ETF by 9.2% in the second quarter. Thrivent Financial for Lutherans now owns 27,865 shares of the company’s stock valued at $2,673,000 after buying an additional 2,357 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in First Trust Nasdaq Semiconductor ETF in the second quarter valued at about $243,000. Geneos Wealth Management Inc. raised its stake in First Trust Nasdaq Semiconductor ETF by 123.4% during the second quarter. Geneos Wealth Management Inc. now owns 3,362 shares of the company’s stock valued at $323,000 after buying an additional 1,857 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new position in First Trust Nasdaq Semiconductor ETF during the 2nd quarter worth approximately $245,000.

First Trust Nasdaq Semiconductor ETF Trading Down 4.9%

FTXL stock opened at $128.01 on Monday. The stock’s 50 day simple moving average is $122.80 and its 200 day simple moving average is $107.23. First Trust Nasdaq Semiconductor ETF has a 12-month low of $59.72 and a 12-month high of $136.30. The firm has a market cap 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. Stockholders of record on Friday, December 12th will be given a $0.1203 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, December 12th. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.08.

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.