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

Wilmington Savings Fund Society FSB has taken a new step in its investment strategy by acquiring a stake in the First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) during the third quarter of the year. According to a report from HoldingsChannel, this institutional investor purchased 530 shares valued at approximately $49,000.

In addition to Wilmington Savings Fund Society, several other significant investors have recently adjusted their holdings in the FTXL. For instance, Bank of New York Mellon Corp increased its stake in the First Trust Nasdaq Semiconductor ETF by 2.2% during the second quarter. Following the purchase of an additional 114 shares, Bank of New York Mellon now owns 5,345 shares of the ETF, bringing their total investment in the fund to around $534,000.

Another notable investor, Cambridge Investment Research Advisors Inc., raised its position in FTXL by 6.6% during the same period, now holding 55,584 shares worth approximately $5,551,000 after acquiring an additional 3,429 shares.

Ameritas Advisory Services LLC also expanded its holdings, increasing its stake by 10.8% in the second quarter, resulting in ownership of 3,604 shares valued at about $360,000 after buying an extra 350 shares.

International Assets Investment Management LLC entered the scene by acquiring a new stake in FTXL worth approximately $51,000 during the second quarter. Lastly, WMG Financial Advisors LLC increased its position in the ETF by 4.8%, now owning 14,099 shares worth $1,408,000 after purchasing an additional 644 shares.

Performance of First Trust Nasdaq Semiconductor ETF

As of Friday, the First Trust Nasdaq Semiconductor ETF opened at a price of $87.36. Within the last 12 months, the ETF has seen a low of $75.62 and a high of $107.74. With a market capitalization of $1.34 billion, it has a PE ratio of 24.77 and a beta of 1.29, indicating its price volatility compared to the market. The ETF’s fifty-day moving average is recorded at $90.17, while its 200-day moving average stands at $93.04.

Recent Dividend Announcement

The First Trust Nasdaq Semiconductor ETF has recently announced a dividend to be paid on December 31st. Shareholders on record as of December 13th will receive a dividend of $0.1657 per share. This marks an increase from the previous dividend, which was $0.12. The ex-dividend date was also set for December 13th.

Overview of First Trust Nasdaq Semiconductor ETF

The First Trust Nasdaq Semiconductor ETF (FTXL) is an exchange-traded fund designed to track the Nasdaq US Smart Semiconductor Index. This fund invests in some of the most liquid semiconductor companies in the US, with a weighting strategy based on value, volatility, and growth factors. Launched on September 20, 2016, the ETF is managed by First Trust.

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Curious about other hedge funds holding FTXL? Visit HoldingsChannel.com for the latest 13F filings and insider trading information regarding the First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL).

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investment, ETF, semiconductors