Kovack Advisors Inc. Acquires 277 Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Kovack Advisors Inc. lifted its holdings in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,562 shares of the company’s stock after purchasing an additional 277 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Nasdaq Semiconductor ETF were worth $617,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. L.M. Kohn & Company raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 7.6% during the 3rd quarter. L.M. Kohn & Company now owns 3,863 shares of the company’s stock worth $261,000 after purchasing an additional 273 shares during the period. Realta Investment Advisors raised its stake in First Trust Nasdaq Semiconductor ETF by 5.3% in the 4th quarter. Realta Investment Advisors now owns 7,372 shares of the company’s stock valued at $601,000 after acquiring an additional 371 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in First Trust Nasdaq Semiconductor ETF in the 4th quarter valued at about $37,000. Paragon Private Wealth Management LLC raised its stake in First Trust Nasdaq Semiconductor ETF by 1.7% in the 3rd quarter. Paragon Private Wealth Management LLC now owns 48,398 shares of the company’s stock valued at $3,273,000 after acquiring an additional 801 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in First Trust Nasdaq Semiconductor ETF by 1.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 59,982 shares of the company’s stock valued at $4,057,000 after acquiring an additional 1,144 shares during the period.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of First Trust Nasdaq Semiconductor ETF stock opened at $87.16 on Friday. First Trust Nasdaq Semiconductor ETF has a 52-week low of $57.43 and a 52-week high of $95.48. The stock’s 50-day simple moving average is $87.95 and its 200 day simple moving average is $79.72. The stock has a market capitalization of $1.39 billion, a P/E ratio of 22.46 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.0767 per share. The ex-dividend date of this dividend was 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.