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

Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) saw unusually-high trading volume on Wednesday . Approximately 309,602 shares traded hands during mid-day 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 Stock Performance

The company’s 50 day simple moving average is $90.90 and its 200 day simple moving average is $93.36. The stock has a market cap of $1.36 billion, a PE ratio of 24.77 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1017 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.41 annualized dividend and a yield of 0.46%.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

Several large investors have recently made changes to their positions in the business. Comerica Bank grew its position in First Trust Nasdaq Semiconductor ETF by 30.5% during the first quarter. Comerica Bank now owns 1,754 shares of the company’s stock valued at $159,000 after buying an additional 410 shares during the period. Outlook Wealth Advisors LLC lifted its stake in First Trust Nasdaq Semiconductor ETF by 62.0% in the second quarter. Outlook Wealth Advisors LLC now owns 14,503 shares of the company’s stock valued at $1,448,000 after purchasing an additional 5,553 shares during the last quarter. Brookstone Capital Management bought a new position in First Trust Nasdaq Semiconductor ETF during the second quarter valued at $269,000. Private Advisory Group LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF in the 2nd quarter worth about $376,000. Finally, Secure Asset Management LLC bought a new stake in shares of First Trust Nasdaq Semiconductor ETF in the second quarter valued at approximately $1,043,000.

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.