First Trust Nasdaq Semiconductor ETF Price & Performance (FTXL)

Raymond James Financial Inc. has acquired 240,450 shares of the First Trust Nasdaq Semiconductor ETF during Q4, worth nearly $21 million. This move positions the firm with a 6.5% ownership in the ETF, which tracks leading U.S. semiconductor companies. The ETF's performance remains notable amidst tech market volatility.1

Lip-Bu Tan's appointment as Intel's CEO has sparked optimism, leading to a 2% rise in the First Trust Nasdaq Semiconductor ETF, which holds 9% of its assets in Intel. Analysts view this leadership change as a step towards Intel's recovery, positively impacting related ETFs amid broader market challenges.2

Nvidia's stock has dropped by nearly 30% from its peak, contributing to a broader tech sell-off. The Nasdaq Composite hit a six-month low, reflecting investor concerns over tariffs and growth. Semiconductor ETFs, including VanEck Semiconductor ETF, have also faced declines, highlighting sector-wide pressures.3