Wilmington Savings Fund Society FSB Acquires Shares in First Trust Nasdaq Semiconductor ETF

In the third quarter, Wilmington Savings Fund Society FSB purchased a new stake in the First Trust Nasdaq Semiconductor ETF (NASDAQ: FTXL). The investment firm acquired 530 shares of the ETF, valued at around $49,000, as reported by HoldingsChannel.

A number of other institutional investors have also recently adjusted their holdings of FTXL. For instance, Bank of New York Mellon Corp increased its stake in First Trust Nasdaq Semiconductor ETF by 2.2% in the second quarter. This modification brought their total to 5,345 shares, worth approximately $534,000 after acquiring an additional 114 shares.

Similarly, Cambridge Investment Research Advisors Inc. raised its position in the ETF by 6.6% during the same period. They now hold 55,584 shares valued at $5,551,000, having purchased 3,429 shares more in the last quarter. Ameritas Advisory Services LLC also bolstered its stake by 10.8%, now owning 3,604 shares valued at $360,000 after adding 350 shares.

International Assets Investment Management LLC made a new investment in the First Trust Nasdaq Semiconductor ETF, worth about $51,000 during the second quarter. WMG Financial Advisors LLC also grew its position by 4.8%, increasing their holdings to 14,099 shares, valued at $1,408,000 after buying 644 additional shares.

Price Performance of First Trust Nasdaq Semiconductor ETF

As of last Friday, FTXL opened at $87.36. The ETF has experienced a 12-month low of $75.62 and a high of $107.74. It has a market capitalization of approximately $1.34 billion, a price-to-earnings (PE) ratio of 24.77, and a beta of 1.29. The fifty-day moving average price stands at $90.17, while the 200-day moving average is at $93.04.

Dividend Increase Announced by First Trust Nasdaq Semiconductor ETF

Recently, the ETF declared a dividend to be paid on December 31st. Shareholders of record from December 13th will receive a dividend of $0.1657 per share, which marks an increase from the previous dividend of $0.12. The ex-dividend date was also on December 13th.

Overview of First Trust Nasdaq Semiconductor ETF

The First Trust Nasdaq Semiconductor ETF (FTXL) operates based on the Nasdaq US Smart Semiconductor Index. This fund follows an index that comprises some of the most liquid semiconductor companies in the United States, utilizing a weighting method that considers factors related to value, volatility, and growth. Launched on September 20, 2016, FTXL is managed by First Trust.

Further Information

For those looking to explore what other hedge funds are investing in FTXL, it is recommended to check out recent 13F filings and insider trades.

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investment, ETF, semiconductor