Kestra Private Wealth Services LLC Reduces Stock Position in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Kestra Private Wealth Services LLC reduced its position in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,929 shares of the company’s stock after selling 172 shares during the period. Kestra Private Wealth Services LLC’s holdings in First Trust Indxx NextG ETF were worth $225,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of First Trust Indxx NextG ETF in the 4th quarter worth about $55,941,000. Perigon Wealth Management LLC purchased a new stake in First Trust Indxx NextG ETF in the fourth quarter worth about $1,496,000. NBC Securities Inc. bought a new stake in First Trust Indxx NextG ETF during the 3rd quarter valued at approximately $582,000. NewEdge Wealth LLC grew its holdings in shares of First Trust Indxx NextG ETF by 67.8% during the 3rd quarter. NewEdge Wealth LLC now owns 15,139 shares of the company’s stock worth $1,027,000 after acquiring an additional 6,116 shares during the period. Finally, Kestra Advisory Services LLC raised its position in shares of First Trust Indxx NextG ETF by 11.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 55,811 shares of the company’s stock worth $3,787,000 after acquiring an additional 5,657 shares in the last quarter.

First Trust Indxx NextG ETF Stock Up 0.7 %

NXTG opened at $77.32 on Friday. First Trust Indxx NextG ETF has a 52 week low of $64.46 and a 52 week high of $81.22. The stock has a market cap of $375.00 million, a PE ratio of 17.72 and a beta of 0.89. The business has a 50 day moving average of $77.59 and a 200-day moving average of $75.12.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.044 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Thursday, March 21st.

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.