First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sees Unusually-High Trading Volume – Time to Buy?

Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) saw unusually-high trading volume on Friday . Approximately 277,914 shares were traded during mid-day trading, an increase of 290% from the previous session’s volume of 71,323 shares.The stock last traded at $88.88 and had previously closed at $88.08.

First Trust Nasdaq Semiconductor ETF Trading Up 1.8 %

The company has a market cap of $1.38 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29. The company has a fifty day moving average price of $89.48 and a two-hundred day moving average price of $92.49.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.1657 per share. This is a positive change from First Trust Nasdaq Semiconductor ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of First Trust Nasdaq Semiconductor ETF by 81.1% during the third quarter. FMR LLC now owns 326 shares of the company’s stock worth $30,000 after acquiring an additional 146 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in First Trust Nasdaq Semiconductor ETF during the 3rd quarter worth about $49,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the 2nd quarter valued at about $51,000. GAMMA Investing LLC bought a new stake in shares of First Trust Nasdaq Semiconductor ETF in the third quarter valued at about $54,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 24.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the company’s stock worth $94,000 after buying an additional 185 shares during the period.

About First Trust Nasdaq Semiconductor ETF

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.