Mirae Asset Global Investments Co. Ltd. Takes Position in First Trust Indxx NextG ETF $NXTG

Mirae Asset Global Investments Co. Ltd. bought a new position in First Trust Indxx NextG ETF (NASDAQ:NXTG) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 5,300 shares of the company’s stock, valued at approximately $549,000. Mirae Asset Global Investments Co. Ltd. owned 0.13% of First Trust Indxx NextG ETF as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in First Trust Indxx NextG ETF by 16.9% in the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $114,000 after buying an additional 169 shares in the last quarter. Rossby Financial LCC bought a new position in shares of First Trust Indxx NextG ETF during the 2nd quarter valued at approximately $39,000. Geneos Wealth Management Inc. grew its stake in shares of First Trust Indxx NextG ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 434 shares during the period. Envestnet Asset Management Inc. increased its holdings in First Trust Indxx NextG ETF by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,234 shares of the company’s stock worth $1,288,000 after acquiring an additional 944 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in First Trust Indxx NextG ETF by 12.3% in the 1st quarter. Jane Street Group LLC now owns 9,558 shares of the company’s stock worth $811,000 after acquiring an additional 1,047 shares in the last quarter.

First Trust Indxx NextG ETF Price Performance

Shares of NASDAQ:NXTG opened at $112.68 on Friday. The company has a market capitalization of $422.53 million, a P/E ratio of 22.81 and a beta of 0.89. First Trust Indxx NextG ETF has a 1-year low of $74.03 and a 1-year high of $115.69. The firm’s 50 day simple moving average is $109.79 and its two-hundred day simple moving average is $105.46.

First Trust Indxx NextG ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.5364 per share. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, December 12th. This represents a $2.15 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.