LPL Financial LLC Cuts Stake in First Trust Indxx NextG ETF (NASDAQ:NXTG)

LPL Financial LLC lowered its stake in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,694 shares of the company’s stock after selling 5,432 shares during the quarter. LPL Financial LLC owned about 5.44% of First Trust Indxx NextG ETF worth $18,474,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Kingswood Wealth Advisors LLC raised its position in First Trust Indxx NextG ETF by 6.7% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,791 shares of the company’s stock worth $237,000 after buying an additional 175 shares during the last quarter. NBC Securities Inc. increased its holdings in First Trust Indxx NextG ETF by 78,360.0% in the first quarter. NBC Securities Inc. now owns 3,923 shares of the company’s stock valued at $332,000 after buying an additional 3,918 shares in the last quarter. GTS Securities LLC acquired a new position in shares of First Trust Indxx NextG ETF in the fourth quarter worth about $442,000. Proactive Wealth Strategies LLC grew its position in shares of First Trust Indxx NextG ETF by 6.6% during the 1st quarter. Proactive Wealth Strategies LLC now owns 7,975 shares of the company’s stock valued at $677,000 after acquiring an additional 492 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of First Trust Indxx NextG ETF by 7.7% in the 4th quarter. First Trust Advisors LP now owns 13,613 shares of the company’s stock valued at $1,161,000 after purchasing an additional 972 shares in the last quarter.

First Trust Indxx NextG ETF Price Performance

Shares of NXTG stock opened at $97.30 on Wednesday. The company has a market cap of $384.34 million, a price-to-earnings ratio of 22.81 and a beta of 0.89. The stock has a 50 day simple moving average of $95.75 and a 200-day simple moving average of $89.83. First Trust Indxx NextG ETF has a 1-year low of $74.03 and a 1-year high of $98.45.

First Trust Indxx NextG ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.5687 dividend. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.08. This represents a $2.27 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 26th.

First Trust Indxx NextG ETF 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.