Cambridge Investment Research Advisors Inc. Has $1.56 Million Holdings in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Cambridge Investment Research Advisors Inc. cut its holdings in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 4.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,376 shares of the company’s stock after selling 781 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.46% of First Trust Indxx NextG ETF worth $1,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kingswood Wealth Advisors LLC grew its holdings in shares of First Trust Indxx NextG ETF by 6.7% during the first quarter. Kingswood Wealth Advisors LLC now owns 2,791 shares of the company’s stock worth $237,000 after purchasing an additional 175 shares during the last quarter. NewEdge Advisors LLC grew its holdings in First Trust Indxx NextG ETF by 0.9% during the 4th quarter. NewEdge Advisors LLC now owns 21,309 shares of the company’s stock worth $1,817,000 after acquiring an additional 184 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in First Trust Indxx NextG ETF by 7.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,588 shares of the company’s stock worth $306,000 after acquiring an additional 263 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in First Trust Indxx NextG ETF by 4.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 7,915 shares of the company’s stock valued at $675,000 after acquiring an additional 356 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of First Trust Indxx NextG ETF by 1.5% in the fourth quarter. Cetera Investment Advisers now owns 28,118 shares of the company’s stock worth $2,398,000 after acquiring an additional 419 shares during the last quarter.

First Trust Indxx NextG ETF Trading Up 0.6%

Shares of NXTG stock opened at $97.83 on Thursday. First Trust Indxx NextG ETF has a 1 year low of $74.03 and a 1 year high of $97.83. The firm’s 50 day moving average is $91.86 and its 200-day moving average is $87.87. The firm has a market capitalization of $391.32 million, a price-to-earnings ratio of 22.19 and a beta of 0.89.

First Trust Indxx NextG ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.5687 per share. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $2.27 annualized dividend and a yield of 2.33%.

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.