Raymond James & Associates Lowers Stake in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Raymond James & Associates trimmed its holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL – Get Rating) by 2.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 41,348 shares of the company’s stock after selling 856 shares during the quarter. Raymond James & Associates’ holdings in First Trust Nasdaq Semiconductor ETF were worth $2,016,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FTXL. Credit Suisse AG purchased a new stake in First Trust Nasdaq Semiconductor ETF during the 2nd quarter valued at approximately $69,000. Capital Analysts LLC raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 26.7% during the second quarter. Capital Analysts LLC now owns 1,900 shares of the company’s stock worth $101,000 after purchasing an additional 400 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 72.2% during the first quarter. Geneos Wealth Management Inc. now owns 2,347 shares of the company’s stock worth $165,000 after purchasing an additional 984 shares during the period. Advisory Services Network LLC purchased a new position in First Trust Nasdaq Semiconductor ETF in the 1st quarter valued at $301,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in First Trust Nasdaq Semiconductor ETF by 4.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 7,414 shares of the company’s stock valued at $362,000 after buying an additional 306 shares during the period.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of First Trust Nasdaq Semiconductor ETF stock opened at $60.43 on Tuesday. The firm has a fifty day moving average of $55.97 and a two-hundred day moving average of $55.14. First Trust Nasdaq Semiconductor ETF has a one year low of $44.95 and a one year high of $74.04.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Tuesday, December 27th were given a $0.187 dividend. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $0.75 dividend on an annualized basis and a yield of 1.24%. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous quarterly dividend of $0.12.