PNC Financial Services Group Inc. Increases Stock Holdings in First Trust Indxx NextG ETF $NXTG

PNC Financial Services Group Inc. raised its stake in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 61.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 468 shares of the company’s stock after purchasing an additional 178 shares during the quarter. PNC Financial Services Group Inc.’s holdings in First Trust Indxx NextG ETF were worth $40,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of First Trust Indxx NextG ETF by 1.8% in the 4th quarter. Bank of America Corp DE now owns 64,299 shares of the company’s stock valued at $5,484,000 after purchasing an additional 1,106 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of First Trust Indxx NextG ETF by 6.7% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,791 shares of the company’s stock valued at $237,000 after buying an additional 175 shares during the period. GAMMA Investing LLC acquired a new stake in shares of First Trust Indxx NextG ETF in the 1st quarter valued at approximately $2,052,000. First Trust Advisors LP lifted its holdings 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 buying an additional 972 shares during the period. Finally, Sigma Planning Corp lifted its holdings in shares of First Trust Indxx NextG ETF by 23.1% in the 1st quarter. Sigma Planning Corp now owns 17,305 shares of the company’s stock valued at $1,468,000 after buying an additional 3,242 shares during the period.

First Trust Indxx NextG ETF Price Performance

NXTG opened at $101.18 on Friday. The business has a 50 day simple moving average of $97.43 and a 200-day simple moving average of $90.92. The stock has a market capitalization of $399.66 million, a P/E ratio of 22.81 and a beta of 0.89. First Trust Indxx NextG ETF has a 12 month low of $74.03 and a 12 month high of $101.58.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a $0.5687 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $2.27 annualized dividend and a dividend yield of 2.2%. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.08.

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.