Migdal Insurance & Financial Holdings Ltd. Cuts Stock Position in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Migdal Insurance & Financial Holdings Ltd. lessened its holdings in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,875 shares of the company’s stock after selling 685 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in First Trust Indxx NextG ETF were worth $1,299,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NXTG. Zions Bancorporation N.A. purchased a new stake in shares of First Trust Indxx NextG ETF during the 2nd quarter valued at about $33,000. MONECO Advisors LLC bought a new stake in shares of First Trust Indxx NextG ETF in the 2nd quarter valued at approximately $246,000. CoreCap Advisors LLC purchased a new position in shares of First Trust Indxx NextG ETF in the 2nd quarter worth approximately $351,000. Banco Santander S.A. increased its position in shares of First Trust Indxx NextG ETF by 65.5% during the 2nd quarter. Banco Santander S.A. now owns 5,510 shares of the company’s stock valued at $451,000 after purchasing an additional 2,180 shares during the last quarter. Finally, Cetera Advisors LLC purchased a new stake in First Trust Indxx NextG ETF during the 1st quarter valued at $483,000.

First Trust Indxx NextG ETF Stock Performance

NASDAQ NXTG traded down $0.10 on Friday, hitting $86.31. 6,835 shares of the stock were exchanged, compared to its average volume of 8,190. First Trust Indxx NextG ETF has a 52-week low of $68.55 and a 52-week high of $88.84. The firm has a market capitalization of $379.76 million, a P/E ratio of 18.31 and a beta of 0.89. The stock has a fifty day moving average price of $86.38 and a two-hundred day moving average price of $82.95.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.4009 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust Indxx NextG ETF Company 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.