First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sees Strong Trading Volume – Here’s Why

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) shares saw an uptick in trading volume on Wednesday . 309,602 shares were traded during trading, an increase of 405% from the previous session’s volume of 61,309 shares.The stock last traded at $88.22 and had previously closed at $86.61.

First Trust Nasdaq Semiconductor ETF Price Performance

The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29. The firm’s fifty day moving average is $90.78 and its 200 day moving average is $93.29.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.1017 dividend. This represents a $0.41 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust Nasdaq Semiconductor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Benjamin Edwards Inc. boosted its holdings in First Trust Nasdaq Semiconductor ETF by 11,762.7% during the third quarter. Benjamin Edwards Inc. now owns 150,656 shares of the company’s stock valued at $14,067,000 after acquiring an additional 149,386 shares during the period. Claro Advisors LLC grew its stake in shares of First Trust Nasdaq Semiconductor ETF by 2,290.5% in the third quarter. Claro Advisors LLC now owns 76,617 shares of the company’s stock worth $7,147,000 after acquiring an additional 73,412 shares during the last quarter. Proactive Wealth Strategies LLC acquired a new position in First Trust Nasdaq Semiconductor ETF during the 3rd quarter valued at $2,484,000. Secure Asset Management LLC acquired a new position in First Trust Nasdaq Semiconductor ETF during the 2nd quarter valued at $1,043,000. Finally, Tudor Financial Inc. bought a new stake in First Trust Nasdaq Semiconductor ETF in the 3rd quarter valued at $955,000.

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.