First Trust Nasdaq Semiconductor ETF (FTXL)
First Trust Nasdaq Semiconductor ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $254.63, up 1.45% on the session, giving a market capitalisation of $671.1M. Its beta of 2.30 implies it has historically moved more than the broad market.
The First Trust Nasdaq Semiconductor ETF operates as an exchange-traded fund with the primary goal of broadly matching the capital appreciation and income stream generated by the Nasdaq US Smart Semiconductor Index. This performance alignment is sought prior to the deduction of the fund's internal fees and expenses. To accomplish this, the ETF endeavors to precisely mirror the individual securities and their respective allocations within the Nasdaq US Smart Semiconductor Index, aiming for a performance correlation of at least 95% with its benchmark.
First Trust Nasdaq Semiconductor ETF is most often compared with the following Financial Services names: