First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sets New 12-Month High – Still a Buy?

Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) hit a new 52-week high during trading on Friday . The stock traded as high as $136.38 and last traded at $135.99, with a volume of 57496 shares trading hands. The stock had previously closed at $129.53.

First Trust Nasdaq Semiconductor ETF Stock Up 5.0%

The business has a 50-day simple moving average of $126.32 and a two-hundred day simple moving average of $111.32. The stock has a market capitalization of $1.39 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. 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 0.4%. The ex-dividend date of this dividend was Friday, December 12th.

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Ballew Advisors Inc lifted its position in First Trust Nasdaq Semiconductor ETF by 3.1% during the 3rd quarter. Ballew Advisors Inc now owns 3,316 shares of the company’s stock worth $379,000 after buying an additional 100 shares in the last quarter. Outlook Wealth Advisors LLC raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 0.7% in the third quarter. Outlook Wealth Advisors LLC now owns 21,036 shares of the company’s stock worth $2,353,000 after acquiring an additional 153 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of First Trust Nasdaq Semiconductor ETF during the second quarter worth approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of First Trust Nasdaq Semiconductor ETF during the third quarter valued at approximately $31,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of First Trust Nasdaq Semiconductor ETF by 2.7% in the third quarter. Oppenheimer & Co. Inc. now owns 11,238 shares of the company’s stock valued at $1,257,000 after purchasing an additional 292 shares in the last quarter.

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.