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

Wilmington Savings Fund Society FSB has made a notable investment in the First Trust Nasdaq Semiconductor ETF, known by its ticker symbol FTXL, during the third quarter of the year, according to recent reports from HoldingsChannel. The institution acquired 530 shares of this ETF, with an estimated total value of around $49,000.

In addition to Wilmington Savings Fund Society, several other institutional investors have recently adjusted their investments in the First Trust Nasdaq Semiconductor ETF. For instance, Bank of New York Mellon Corp increased its stake in FTXL by 2.2% in the previous quarter. Following this increase, Bank of New York Mellon now holds a total of 5,345 shares valued at approximately $534,000 after buying an additional 114 shares.

Similarly, Cambridge Investment Research Advisors Inc. raised its position in the ETF by 6.6% during the second quarter, bringing its total holdings to 55,584 shares, valued at around $5,551,000 after an additional purchase of 3,429 shares.

Ameritas Advisory Services LLC also enhanced its investment, increasing its stake by 10.8% in the same quarter, thereby owning 3,604 shares now valued at $360,000 after acquiring an extra 350 shares. Additionally, International Assets Investment Management LLC entered into a new stake in the ETF, estimated to be worth roughly $51,000.

Lastly, WMG Financial Advisors LLC expanded its holdings by 4.8%, now owning 14,099 shares valued at about $1,408,000, after buying an additional 644 shares.

First Trust Nasdaq Semiconductor ETF Price Overview

As of the last trading session, the First Trust Nasdaq Semiconductor ETF opened at $87.36. This particular ETF has seen a 12-month price range, with a low of $75.62 and a high of $107.74. It boasts a market capitalization of $1.34 billion, a price-to-earnings (PE) ratio of 24.77, and a beta of 1.29. The fifty-day moving average price stands at $90.17, while the 200-day moving average price is recorded at $93.04.

Dividend Increase Announced by First Trust Nasdaq Semiconductor ETF

The First Trust Nasdaq Semiconductor ETF has also declared an increase in its dividend, which is set to be paid on December 31st. Shareholders registered by December 13th will receive a dividend of $0.1657 for each share they hold, marking an increase from the previous dividend of $0.12. The ex-dividend date for this distribution was also on December 13th.

Profile of First Trust Nasdaq Semiconductor ETF

The First Trust Nasdaq Semiconductor ETF (FTXL) is an exchange-traded fund that tracks the Nasdaq US Smart Semiconductor Index. This fund focuses on some of the most liquid semiconductor companies in the United States, with its weightings based on metrics related to value, volatility, and growth. Initially launched on September 20, 2016, the fund is managed by First Trust.

investment, ETF, semiconductor