Gateway Advisory LLC Acquires 238 Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Gateway Advisory LLC raised its stake in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,357 shares of the company’s stock after buying an additional 238 shares during the quarter. First Trust Nasdaq Semiconductor ETF comprises approximately 1.1% of Gateway Advisory LLC’s investment portfolio, making the stock its 23rd biggest holding. Gateway Advisory LLC owned 0.40% of First Trust Nasdaq Semiconductor ETF worth $6,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FTXL. Concentrum Wealth Management raised its holdings in shares of First Trust Nasdaq Semiconductor ETF by 5.3% during the fourth quarter. Concentrum Wealth Management now owns 13,856 shares of the company’s stock worth $1,130,000 after acquiring an additional 699 shares during the period. Wells Fargo & Company MN boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 58.2% during the fourth quarter. Wells Fargo & Company MN now owns 353,807 shares of the company’s stock worth $28,846,000 after buying an additional 130,183 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in shares of First Trust Nasdaq Semiconductor ETF by 22.9% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 45,860 shares of the company’s stock worth $3,739,000 after buying an additional 8,538 shares in the last quarter. Stifel Financial Corp raised its position in First Trust Nasdaq Semiconductor ETF by 26.4% in the 4th quarter. Stifel Financial Corp now owns 58,062 shares of the company’s stock valued at $4,734,000 after buying an additional 12,123 shares during the last quarter. Finally, StoneX Group Inc. lifted its stake in First Trust Nasdaq Semiconductor ETF by 3.4% in the 4th quarter. StoneX Group Inc. now owns 19,072 shares of the company’s stock valued at $1,555,000 after acquiring an additional 627 shares in the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Up 0.6 %

Shares of FTXL opened at $90.98 on Tuesday. First Trust Nasdaq Semiconductor ETF has a twelve month low of $61.62 and a twelve month high of $107.74. The stock has a market capitalization of $1.45 billion, a P/E ratio of 24.77 and a beta of 1.29. The company has a 50 day moving average of $91.12 and a 200-day moving average of $92.38.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a $0.1248 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous 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.