Spire Wealth Management Invests $42,000 in First Trust Nasdaq Semiconductor ETF

Spire Wealth Management recently disclosed a new investment in the First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) for the fourth quarter of 2024. According to the latest filings with the Securities and Exchange Commission (SEC), the firm acquired 479 shares valued at approximately $42,000. This strategic investment reflects the firm’s commitment to diversify its portfolio within the semiconductor sector.

In addition to Spire Wealth Management's investment, various other institutional investors and hedge funds have adjusted their holdings in the First Trust Nasdaq Semiconductor ETF. For instance, Fifth Third Securities Inc. made a new investment worth around $311,000 in the same quarter. Nilsine Partners LLC increased its position by 4.8%, bringing their total to 178,580 shares valued at approximately $15,585,000 after purchasing an extra 8,203 shares during that quarter. Apeiron RIA LLC also boosted its stake by 11.4%, adding 707 shares to their portfolio to own a total of 6,892 shares worth about $601,000. Other notable investments include Wilmington Savings Fund Society FSB, which acquired shares valued at about $49,000 in the previous quarter, and Tudor Financial Inc., investing nearly $955,000 during the third quarter.

First Trust Nasdaq Semiconductor ETF Performance Overview

The shares of the First Trust Nasdaq Semiconductor ETF opened at $87.18 on Monday. The ETF has a market capitalization of $318.21 million, a price-to-earnings (P/E) ratio of 24.77, and a beta of 1.29, indicating its volatility relative to the market. Over the past year, the ETF recorded a low of $78.34 and a high of $107.74. Its 50-day moving average price stands at $89.56, while the 200-day moving average is noted at $90.23, offering indicators of its price movements.

Recent Dividend Announcement

The First Trust Nasdaq Semiconductor ETF has also announced an increase in its dividend. A dividend of $0.1657 was paid to investors of record on December 31st. This payment marks an increase from the previous dividend of $0.12, highlighting the ETF’s commitment to return value to its shareholders.

About First Trust Nasdaq Semiconductor ETF

The First Trust Nasdaq Semiconductor ETF (FTXL) is an exchange-traded fund that follows the Nasdaq US Smart Semiconductor Index. This fund includes some of the most liquid US semiconductor companies and weights them according to various factors related to their value, volatility, and growth potential. Launched on September 20, 2016, FTXL is managed by First Trust and aims to provide investors with exposure to the semiconductor sector.

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investment, ETF, semiconductors