WealthBridge Capital Management LLC Purchases New Position 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) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,332 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of First Trust Nasdaq Semiconductor ETF in the 2nd quarter valued at approximately $51,000. GAMMA Investing LLC bought a new stake in shares of First Trust Nasdaq Semiconductor ETF in the 3rd quarter valued at approximately $54,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Trust Nasdaq Semiconductor ETF by 24.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the company’s stock worth $94,000 after acquiring an additional 185 shares during the last quarter. Comerica Bank lifted 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 worth $159,000 after acquiring an additional 410 shares during the last quarter. Finally, Brookstone Capital Management bought a new stake in shares of First Trust Nasdaq Semiconductor ETF during the 2nd quarter worth approximately $269,000.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of FTXL stock opened at $92.40 on Tuesday. 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 $1.43 billion, a P/E ratio of 24.77 and a beta of 1.29. The stock has a 50 day moving average price of $90.00 and a 200 day moving average price of $92.60.

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 of this dividend was Thursday, September 26th.

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.