Concentrum Wealth Management Lowers Position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Concentrum Wealth Management decreased its position in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 7.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,483 shares of the company’s stock after selling 817 shares during the period. Concentrum Wealth Management’s holdings in First Trust Nasdaq Semiconductor ETF were worth $828,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FTXL. FMR LLC boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 81.1% during the third quarter. FMR LLC now owns 326 shares of the company’s stock valued at $30,000 after purchasing an additional 146 shares in the last quarter. Global Retirement Partners LLC lifted its position in First Trust Nasdaq Semiconductor ETF by 144.8% during the fourth quarter. Global Retirement Partners LLC now owns 617 shares of the company’s stock valued at $54,000 after buying an additional 365 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 1.0% during the 4th quarter. Avantax Advisory Services Inc. now owns 43,349 shares of the company’s stock valued at $3,783,000 after buying an additional 415 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF in the 4th quarter worth about $39,000. Finally, Spire Wealth Management bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the 4th quarter worth about $42,000.

First Trust Nasdaq Semiconductor ETF Price Performance

NASDAQ:FTXL opened at $62.96 on Monday. The firm has a market capitalization of $195.18 million, a P/E ratio of 19.82 and a beta of 1.31. First Trust Nasdaq Semiconductor ETF has a one year low of $61.71 and a one year high of $107.74. The company’s 50-day simple moving average is $83.31 and its 200 day simple moving average is $88.17.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.0342 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.14 annualized dividend and a dividend yield of 0.22%.

About First Trust Nasdaq Semiconductor ETF

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.