Avantax Advisory Services Inc. Has $9.73 Million Stock Position in First Trust Indxx NextG ETF $NXTG

Avantax Advisory Services Inc. lessened its stake in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,056 shares of the company’s stock after selling 2,154 shares during the quarter. Avantax Advisory Services Inc. owned approximately 2.53% of First Trust Indxx NextG ETF worth $9,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NXTG. Brio Consultants LLC bought a new stake in First Trust Indxx NextG ETF during the first quarter worth $1,309,000. Janney Montgomery Scott LLC increased its stake in shares of First Trust Indxx NextG ETF by 7.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 77,071 shares of the company’s stock worth $7,498,000 after purchasing an additional 5,388 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of First Trust Indxx NextG ETF by 58.7% in the 2nd quarter. Prospera Financial Services Inc now owns 10,415 shares of the company’s stock valued at $1,016,000 after purchasing an additional 3,851 shares during the period. Kraft Davis & Associates LLC acquired a new stake in First Trust Indxx NextG ETF in the 2nd quarter valued at about $209,000. Finally, Prepared Retirement Institute LLC bought a new position in First Trust Indxx NextG ETF during the second quarter worth about $208,000.

First Trust Indxx NextG ETF Stock Down 1.7%

Shares of NASDAQ NXTG opened at $104.52 on Tuesday. The business’s 50 day moving average price is $106.13 and its two-hundred day moving average price is $99.37. The company has a market cap of $412.85 million, a PE ratio of 22.81 and a beta of 0.89. First Trust Indxx NextG ETF has a twelve month low of $74.03 and a twelve month high of $111.54.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.5008 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%.

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.