First Trust Indxx NextG ETF (NASDAQ:NXTG) Stock Position Lowered by Private Advisor Group LLC

Private Advisor Group LLC lessened its holdings in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 41,930 shares of the company’s stock after selling 2,217 shares during the quarter. Private Advisor Group LLC’s holdings in First Trust Indxx NextG ETF were worth $3,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NXTG. Arkadios Wealth Advisors boosted its position in First Trust Indxx NextG ETF by 41.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 6,699 shares of the company’s stock worth $585,000 after acquiring an additional 1,961 shares during the period. Proactive Wealth Strategies LLC acquired a new stake in shares of First Trust Indxx NextG ETF during the third quarter worth approximately $648,000. Prospera Financial Services Inc grew its position in First Trust Indxx NextG ETF by 38.6% during the third quarter. Prospera Financial Services Inc now owns 6,783 shares of the company’s stock valued at $593,000 after purchasing an additional 1,889 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in First Trust Indxx NextG ETF in the 3rd quarter valued at approximately $44,000. Finally, Flow Traders U.S. LLC purchased a new stake in First Trust Indxx NextG ETF in the 3rd quarter worth approximately $1,749,000.

First Trust Indxx NextG ETF Stock Down 0.7 %

Shares of NASDAQ:NXTG opened at $90.22 on Monday. First Trust Indxx NextG ETF has a 12-month low of $73.37 and a 12-month high of $91.29. The firm has a market capitalization of $374.39 million, a P/E ratio of 22.73 and a beta of 0.85. The firm has a fifty day moving average of $86.93 and a two-hundred day moving average of $86.12.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.4269 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.