First Trust Nasdaq Semiconductor ETF $FTXL Position Boosted by Equitable Trust Co.

Equitable Trust Co. grew its holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 195.4% during the first quarter, Holdings Channel.com reports. The firm owned 5,707 shares of the company’s stock after buying an additional 3,775 shares during the period. Equitable Trust Co.’s holdings in First Trust Nasdaq Semiconductor ETF were worth $842,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter worth approximately $26,000. Flagship Harbor Advisors LLC purchased a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at approximately $47,000. NBC Securities Inc. increased its stake in First Trust Nasdaq Semiconductor ETF by 27.9% in the 4th quarter. NBC Securities Inc. now owns 394 shares of the company’s stock valued at $51,000 after buying an additional 86 shares during the period. AlphaCore Capital LLC acquired a new position in First Trust Nasdaq Semiconductor ETF in the 4th quarter valued at approximately $80,000. Finally, HBK Sorce Advisory LLC acquired a new position in First Trust Nasdaq Semiconductor ETF in the 4th quarter valued at approximately $177,000.

First Trust Nasdaq Semiconductor ETF Stock Down 0.5%

FTXL stock opened at $254.05 on Friday. The company has a 50 day moving average of $256.18 and a two-hundred day moving average of $190.88. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 28.27 and a beta of 1.71. First Trust Nasdaq Semiconductor ETF has a 12-month low of $93.61 and a 12-month high of $297.36.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0356 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.1%. This is a boost from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 25th.

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.