Prospera Financial Services Inc Sells 3,173 Shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

Prospera Financial Services Inc lowered its stake in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 40.2% during the third quarter, Holdings Channel reports. The firm owned 4,715 shares of the company’s stock after selling 3,173 shares during the period. Prospera Financial Services Inc’s holdings in First Trust Nasdaq Semiconductor ETF were worth $440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Claro Advisors LLC boosted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 2,290.5% in the 3rd quarter. Claro Advisors LLC now owns 76,617 shares of the company’s stock valued at $7,147,000 after purchasing an additional 73,412 shares in the last quarter. Proactive Wealth Strategies LLC acquired a new stake in First Trust Nasdaq Semiconductor ETF in the third quarter valued at about $2,484,000. Cetera Investment Advisers grew its position in First Trust Nasdaq Semiconductor ETF by 170.4% in the first quarter. Cetera Investment Advisers now owns 29,674 shares of the company’s stock valued at $2,687,000 after acquiring an additional 18,700 shares during the last quarter. Secure Asset Management LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the second quarter worth about $1,043,000. Finally, Farther Finance Advisors LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the third quarter worth about $899,000.

First Trust Nasdaq Semiconductor ETF Price Performance

FTXL stock opened at $88.37 on Monday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29. The company has a 50 day simple moving average of $91.53 and a 200 day simple moving average of $93.63. First Trust Nasdaq Semiconductor ETF has a 1 year low of $71.23 and a 1 year high of $107.74.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1017 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Thursday, September 26th.

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.