Raymond James & Associates Has $9.04 Million Position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Raymond James & Associates cut its stake in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 16.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,876 shares of the company’s stock after selling 18,788 shares during the quarter. Raymond James & Associates owned approximately 0.63% of First Trust Nasdaq Semiconductor ETF worth $9,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FTXL. Claro Advisors LLC lifted its stake in shares of First Trust Nasdaq Semiconductor ETF by 2,290.5% in the 3rd quarter. Claro Advisors LLC now owns 76,617 shares of the company’s stock valued at $7,147,000 after purchasing an additional 73,412 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the first quarter worth about $4,527,000. Oppenheimer & Co. Inc. increased its holdings in shares of First Trust Nasdaq Semiconductor ETF by 41.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 76,392 shares of the company’s stock valued at $6,917,000 after acquiring an additional 22,377 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of First Trust Nasdaq Semiconductor ETF by 170.4% during the 1st quarter. Cetera Investment Advisers now owns 29,674 shares of the company’s stock valued at $2,687,000 after acquiring an additional 18,700 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 1st quarter. Janney Montgomery Scott LLC now owns 76,626 shares of the company’s stock valued at $6,938,000 after acquiring an additional 15,662 shares in the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Up 1.5 %

Shares of First Trust Nasdaq Semiconductor ETF stock opened at $94.49 on Wednesday. First Trust Nasdaq Semiconductor ETF has a 12-month low of $61.62 and a 12-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 stock has a 50 day moving average price of $91.52 and a two-hundred day moving average price of $93.00.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

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

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.