First Trust Indxx NextG ETF (NASDAQ:NXTG) Position Reduced by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 41,930 shares of the company’s stock after selling 2,217 shares during the period. Private Advisor Group LLC owned 0.99% of First Trust Indxx NextG ETF worth $3,576,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NXTG. Benjamin Edwards Inc. bought a new stake in shares of First Trust Indxx NextG ETF during the 3rd quarter valued at about $4,600,000. Flow Traders U.S. LLC acquired a new position in First Trust Indxx NextG ETF in the third quarter valued at approximately $1,749,000. Strategic Financial Concepts LLC bought a new position in shares of First Trust Indxx NextG ETF during the fourth quarter valued at approximately $950,000. Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Indxx NextG ETF during the 3rd quarter worth approximately $648,000. Finally, International Assets Investment Management LLC acquired a new position in First Trust Indxx NextG ETF during the 4th quarter valued at approximately $630,000.

First Trust Indxx NextG ETF Price Performance

Shares of NASDAQ NXTG opened at $90.22 on Monday. The firm has a market capitalization of $374.39 million, a PE ratio of 22.73 and a beta of 0.85. First Trust Indxx NextG ETF has a 1-year low of $73.37 and a 1-year high of $91.29. The business’s fifty day moving average price is $86.93 and its two-hundred day moving average price is $86.12.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.4269 dividend. The ex-dividend date was Friday, December 13th.

First Trust Indxx NextG ETF Company Profile

The First Trust IndXX NextG ETF (NXTG) is an exchange-traded fund that is based on the Indxx 5G & NextG Thematic index. The fund tracks a tiered-weighted index of global equities related to next generation digital cellular technologies. NXTG was launched on Feb 17, 2011 and is managed by First Trust.