MinichMacGregor Wealth Management LLC Sells 372 Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

MinichMacGregor Wealth Management LLC decreased its position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 4.6% during the third quarter, Holdings Channel.com reports. The fund owned 7,693 shares of the company’s stock after selling 372 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in First Trust Nasdaq Semiconductor ETF were worth $718,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF in the second quarter worth $51,000. GAMMA Investing LLC bought a new position in First Trust Nasdaq Semiconductor ETF in the 3rd quarter worth $54,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Nasdaq Semiconductor ETF by 24.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the company’s stock worth $94,000 after purchasing an additional 185 shares during the period. Comerica Bank boosted its stake in shares of First Trust Nasdaq Semiconductor ETF by 30.5% during the 1st quarter. Comerica Bank now owns 1,754 shares of the company’s stock valued at $159,000 after purchasing an additional 410 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. increased its position in shares of First Trust Nasdaq Semiconductor ETF by 61.3% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,900 shares of the company’s stock valued at $177,000 after buying an additional 722 shares during the period.

First Trust Nasdaq Semiconductor ETF Price Performance

FTXL stock traded up $0.78 during trading on Tuesday, reaching $89.71. The company had a trading volume of 4,118 shares, compared to its average volume of 63,409. First Trust Nasdaq Semiconductor ETF has a 52 week low of $66.41 and a 52 week high of $107.74. The business has a 50 day moving average of $91.21 and a 200 day moving average of $93.19. The company has a market cap of $1.38 billion, a P/E ratio of 24.77 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1017 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Thursday, September 26th.

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.