HFG Advisors Inc. Lowers Position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

HFG Advisors Inc. trimmed its position in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,872 shares of the company’s stock after selling 175 shares during the quarter. HFG Advisors Inc. owned approximately 0.06% of First Trust Nasdaq Semiconductor ETF worth $828,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in First Trust Nasdaq Semiconductor ETF by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 5,345 shares of the company’s stock worth $534,000 after acquiring an additional 114 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in First Trust Nasdaq Semiconductor ETF by 24.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the company’s stock worth $94,000 after buying an additional 185 shares in the last quarter. Stegent Equity Advisors Inc. lifted its position in shares of First Trust Nasdaq Semiconductor ETF by 1.2% in the second quarter. Stegent Equity Advisors Inc. now owns 20,666 shares of the company’s stock valued at $2,064,000 after acquiring an additional 237 shares in the last quarter. Gateway Advisory LLC lifted its position in shares of First Trust Nasdaq Semiconductor ETF by 0.4% in the second quarter. Gateway Advisory LLC now owns 64,357 shares of the company’s stock valued at $6,427,000 after acquiring an additional 238 shares in the last quarter. Finally, Kesler Norman & Wride LLC increased its position in shares of First Trust Nasdaq Semiconductor ETF by 7.7% during the first quarter. Kesler Norman & Wride LLC now owns 3,784 shares of the company’s stock worth $343,000 after purchasing an additional 269 shares in the last quarter.

First Trust Nasdaq Semiconductor ETF Trading Up 1.9 %

FTXL stock traded up $1.77 during midday trading on Thursday, reaching $94.13. The stock had a trading volume of 3,855 shares, compared to its average volume of 66,189. First Trust Nasdaq Semiconductor ETF has a 52-week low of $61.62 and a 52-week high of $107.74. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29. The company’s fifty day simple moving average is $90.87 and its 200 day simple moving average is $92.79.

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 dividend of $0.1017 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.41 annualized dividend 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.