Raymond James Financial Services Advisors Inc. Sells 29,662 Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Raymond James Financial Services Advisors Inc. lowered its stake in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 382,299 shares of the company’s stock after selling 29,662 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 2.50% of First Trust Nasdaq Semiconductor ETF worth $31,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FTXL. Cambridge Investment Research Advisors Inc. increased its position in First Trust Nasdaq Semiconductor ETF by 20.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,119 shares of the company’s stock worth $1,205,000 after acquiring an additional 2,905 shares during the period. Geneos Wealth Management Inc. increased its position in 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 acquiring an additional 984 shares during the period. Royal Bank of Canada increased its position in First Trust Nasdaq Semiconductor ETF by 196.1% during the first quarter. Royal Bank of Canada now owns 12,243 shares of the company’s stock worth $862,000 after acquiring an additional 8,108 shares during the period. Advisory Services Network LLC bought a new position in First Trust Nasdaq Semiconductor ETF during the first quarter worth $301,000. Finally, Credit Suisse AG bought a new position in First Trust Nasdaq Semiconductor ETF during the second quarter worth $69,000.

First Trust Nasdaq Semiconductor ETF Price Performance

Shares of First Trust Nasdaq Semiconductor ETF stock opened at $90.63 on Thursday. The firm has a market capitalization of $1.41 billion, a PE ratio of 19.68 and a beta of 1.29. The company’s fifty day moving average price is $86.32 and its two-hundred day moving average price is $76.87. First Trust Nasdaq Semiconductor ETF has a 52-week low of $57.43 and a 52-week high of $95.48.

First Trust Nasdaq Semiconductor ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd will be issued a $0.0767 dividend. The ex-dividend date of this dividend is Thursday, March 21st.

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.