CacheTech Inc. Has $2.30 Million Holdings in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL)

CacheTech Inc. decreased its position in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 12.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 24,619 shares of the company’s stock after selling 3,479 shares during the period. CacheTech Inc.’s holdings in First Trust Nasdaq Semiconductor ETF were worth $2,296,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FTXL. International Assets Investment Management LLC bought a new position in First Trust Nasdaq Semiconductor ETF in the second quarter valued at $51,000. GAMMA Investing LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the third quarter valued at about $54,000. Northwestern Mutual Wealth Management Co. increased its position in shares of First Trust Nasdaq Semiconductor ETF by 24.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the company’s stock valued at $94,000 after acquiring an additional 185 shares during the last quarter. Comerica Bank raised its holdings in First Trust Nasdaq Semiconductor ETF by 30.5% during the first quarter. Comerica Bank now owns 1,754 shares of the company’s stock worth $159,000 after acquiring an additional 410 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. boosted its position in First Trust Nasdaq Semiconductor ETF by 61.3% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,900 shares of the company’s stock valued at $177,000 after purchasing an additional 722 shares during the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Up 1.6 %

NASDAQ:FTXL opened at $89.55 on Friday. First Trust Nasdaq Semiconductor ETF has a twelve month low of $64.59 and a twelve month high of $107.74. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29. The stock’s 50 day moving average price is $91.39 and its two-hundred day moving average price is $93.01.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1017 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.41 dividend on an annualized basis and a yield of 0.45%.

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.