Riverchase Wealth Management LLC Makes New Investment in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Riverchase Wealth Management LLC acquired a new position in First Trust Indxx NextG ETF (NASDAQ:NXTG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,227 shares of the company’s stock, valued at approximately $275,000. Riverchase Wealth Management LLC owned approximately 0.08% of First Trust Indxx NextG ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new stake in First Trust Indxx NextG ETF during the 4th quarter worth $151,000. Ashton Thomas Private Wealth LLC lifted its position in First Trust Indxx NextG ETF by 7.9% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,588 shares of the company’s stock valued at $306,000 after acquiring an additional 263 shares during the last quarter. Morey & Quinn Wealth Partners LLC acquired a new stake in shares of First Trust Indxx NextG ETF in the fourth quarter valued at approximately $410,000. Truist Financial Corp grew its position in First Trust Indxx NextG ETF by 15.8% in the 4th quarter. Truist Financial Corp now owns 5,162 shares of the company’s stock valued at $440,000 after buying an additional 704 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings in First Trust Indxx NextG ETF by 7.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,435 shares of the company’s stock valued at $464,000 after acquiring an additional 358 shares during the period.

First Trust Indxx NextG ETF Trading Down 0.3 %

NASDAQ:NXTG opened at $86.42 on Friday. The firm has a market cap of $350.00 million, a price-to-earnings ratio of 21.42 and a beta of 0.86. The company’s 50-day moving average is $87.80 and its two-hundred day moving average is $86.66. First Trust Indxx NextG ETF has a 12-month low of $73.37 and a 12-month high of $91.29.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a $0.0804 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Thursday, March 27th.

About First Trust Indxx NextG ETF

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.