Concentrum Wealth Management Has $828,000 Stock Position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Concentrum Wealth Management lessened its holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,483 shares of the company’s stock after selling 817 shares during the period. Concentrum Wealth Management owned about 0.26% of First Trust Nasdaq Semiconductor ETF worth $828,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FTXL. FMR LLC grew its stake in shares of First Trust Nasdaq Semiconductor ETF by 81.1% in the 3rd quarter. FMR LLC now owns 326 shares of the company’s stock worth $30,000 after acquiring an additional 146 shares in the last quarter. Global Retirement Partners LLC grew its position in First Trust Nasdaq Semiconductor ETF by 144.8% in the 4th quarter. Global Retirement Partners LLC now owns 617 shares of the company’s stock worth $54,000 after purchasing an additional 365 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in First Trust Nasdaq Semiconductor ETF by 1.0% in 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 during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the 4th quarter worth approximately $39,000. Finally, Spire Wealth Management bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the 4th quarter worth approximately $42,000.

First Trust Nasdaq Semiconductor ETF Stock Down 7.9 %

FTXL stock opened at $62.96 on Monday. The business has a 50 day moving average of $83.31 and a 200-day moving average of $88.17. The firm has a market cap of $195.18 million, a PE ratio of 19.82 and a beta of 1.31. First Trust Nasdaq Semiconductor ETF has a 12-month low of $61.71 and a 12-month high of $107.74.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.0342 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, March 27th.

First Trust Nasdaq Semiconductor ETF Company 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.