B. Riley Wealth Advisors Inc. Takes Position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

B. Riley Wealth Advisors Inc. purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,831 shares of the company’s stock, valued at approximately $283,000.

Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its position in First Trust Nasdaq Semiconductor ETF by 0.6% during the second quarter. NewEdge Advisors LLC now owns 208,066 shares of the company’s stock valued at $20,777,000 after buying an additional 1,227 shares during the period. Nilsine Partners LLC lifted its position in First Trust Nasdaq Semiconductor ETF by 1.8% during the 2nd quarter. Nilsine Partners LLC now owns 185,029 shares of the company’s stock valued at $18,477,000 after acquiring an additional 3,203 shares during the period. Oppenheimer & Co. Inc. boosted its stake in First Trust Nasdaq Semiconductor ETF by 1.2% during 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 in the last quarter. Janney Montgomery Scott LLC grew its holdings in 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 purchasing an additional 15,662 shares during the period. Finally, Gateway Advisory LLC increased its stake in shares of First Trust Nasdaq Semiconductor ETF by 0.4% during the second quarter. Gateway Advisory LLC now owns 64,357 shares of the company’s stock valued at $6,427,000 after purchasing an additional 238 shares in the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Performance

FTXL stock opened at $93.85 on Wednesday. The firm has a 50 day moving average price of $90.07 and a 200-day moving average price of $92.62. First Trust Nasdaq Semiconductor ETF has a 52-week low of $61.62 and a 52-week high of $107.74. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1017 dividend. This represents a $0.41 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend 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.