WealthBridge Capital Management LLC Makes New Investment in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

WealthBridge Capital Management LLC purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) during the third quarter, Holdings Channel reports. The fund purchased 2,332 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC raised its holdings in First Trust Nasdaq Semiconductor ETF by 0.6% in the 2nd quarter. NewEdge Advisors LLC now owns 208,066 shares of the company’s stock worth $20,777,000 after acquiring an additional 1,227 shares during the period. Nilsine Partners LLC boosted its position in First Trust Nasdaq Semiconductor ETF by 1.8% in the second quarter. Nilsine Partners LLC now owns 185,029 shares of the company’s stock valued at $18,477,000 after buying an additional 3,203 shares in the last quarter. Truist Financial Corp boosted its position in First Trust Nasdaq Semiconductor ETF by 1.2% in the second quarter. Truist Financial Corp now owns 108,540 shares of the company’s stock valued at $10,839,000 after buying an additional 1,301 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 1.2% in the second quarter. Oppenheimer & Co. Inc. now owns 77,280 shares of the company’s stock worth $7,717,000 after acquiring an additional 888 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 25.7% in the first quarter. Janney Montgomery Scott LLC now owns 76,626 shares of the company’s stock worth $6,938,000 after acquiring an additional 15,662 shares during the last quarter.

First Trust Nasdaq Semiconductor ETF Trading Down 0.6 %

Shares of NASDAQ FTXL opened at $92.40 on Tuesday. The company has a market cap of $1.43 billion, a PE ratio of 24.77 and a beta of 1.29. The company has a 50-day moving average of $90.00 and a two-hundred day moving average of $92.60. First Trust Nasdaq Semiconductor ETF has a 1-year low of $61.62 and a 1-year high of $107.74.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.1017 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.44%. 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.