Kovack Advisors Inc. increased its holdings in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL – Free Report) by 7.4% in the first quarter, HoldingsChannel reports. The firm owned 8,125 shares of the company’s stock after buying an additional 563 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Nasdaq Semiconductor ETF were worth $736,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN lifted its position in First Trust Nasdaq Semiconductor ETF by 58.2% during the fourth quarter. Wells Fargo & Company MN now owns 353,807 shares of the company’s stock worth $28,846,000 after acquiring an additional 130,183 shares during the last quarter. Gateway Advisory LLC bought a new position in First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at approximately $4,972,000. Wolverine Trading LLC bought a new position in First Trust Nasdaq Semiconductor ETF in the third quarter valued at approximately $2,681,000. Synergy Asset Management LLC bought a new position in First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at approximately $3,105,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of First Trust Nasdaq Semiconductor ETF by 29.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 54,015 shares of the company’s stock worth $4,404,000 after buying an additional 12,439 shares during the last quarter.
First Trust Nasdaq Semiconductor ETF Stock Up 1.4 %
Shares of NASDAQ FTXL traded up $1.40 during midday trading on Thursday, reaching $102.41. 23,025 shares of the company were exchanged, compared to its average volume of 78,297. The stock’s 50-day moving average price is $94.69 and its 200-day moving average price is $88.22. The stock has a market cap of $1.64 billion, a P/E ratio of 24.77 and a beta of 1.29. First Trust Nasdaq Semiconductor ETF has a one year low of $61.62 and a one year high of $105.03.
First Trust Nasdaq Semiconductor ETF Increases Dividend
First Trust Nasdaq Semiconductor ETF 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.
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