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

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

Other institutional investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at approximately $37,000. NBC Securities Inc. acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the third quarter valued at approximately $160,000. L.M. Kohn & Company raised its holdings in shares of First Trust Nasdaq Semiconductor ETF by 7.6% in the third quarter. L.M. Kohn & Company now owns 3,863 shares of the company’s stock valued at $261,000 after purchasing an additional 273 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at approximately $334,000. Finally, Apeiron RIA LLC acquired a new stake in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at approximately $339,000.

First Trust Nasdaq Semiconductor ETF Stock Up 2.0 %

NASDAQ FTXL opened at $87.16 on Friday. First Trust Nasdaq Semiconductor ETF has a 12-month low of $57.43 and a 12-month high of $95.48. The company has a market capitalization of $1.39 billion, a PE ratio of 22.46 and a beta of 1.29. The firm’s 50 day moving average is $87.95 and its 200-day moving average is $79.72.

First Trust Nasdaq Semiconductor ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.0767 dividend. The ex-dividend date 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.