First Trust Advisors LP Raises Position in First Trust Indxx NextG ETF (NASDAQ:NXTG)

First Trust Advisors LP lifted its stake in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,613 shares of the company’s stock after acquiring an additional 972 shares during the quarter. First Trust Advisors LP owned 0.32% of First Trust Indxx NextG ETF worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of NXTG. Raymond James Financial Inc. purchased a new position in shares of First Trust Indxx NextG ETF in the 4th quarter valued at about $7,067,000. Strategic Financial Concepts LLC acquired a new position in First Trust Indxx NextG ETF during the 4th quarter worth approximately $950,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust Indxx NextG ETF in the 4th quarter valued at approximately $630,000. Morey & Quinn Wealth Partners LLC acquired a new stake in shares of First Trust Indxx NextG ETF in the 4th quarter valued at $410,000. Finally, Riverchase Wealth Management LLC acquired a new position in shares of First Trust Indxx NextG ETF during the fourth quarter worth $275,000.

First Trust Indxx NextG ETF Price Performance

First Trust Indxx NextG ETF stock opened at $87.87 on Thursday. The stock has a market cap of $351.48 million, a PE ratio of 21.53 and a beta of 0.87. The stock’s fifty day moving average is $84.54 and its two-hundred day moving average is $85.85. First Trust Indxx NextG ETF has a 1-year low of $74.03 and a 1-year high of $91.29.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.0804 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.32 annualized dividend and a yield of 0.37%.

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.