ICA Group Wealth Management LLC Purchases Shares of 1,705 First Trust Indxx NextG ETF (NASDAQ:NXTG)

ICA Group Wealth Management LLC acquired a new position in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,705 shares of the company’s stock, valued at approximately $131,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Concentrum Wealth Management lifted its stake in First Trust Indxx NextG ETF by 1.9% during the fourth quarter. Concentrum Wealth Management now owns 24,464 shares of the company’s stock worth $1,877,000 after purchasing an additional 453 shares during the period. Bfsg LLC acquired a new stake in First Trust Indxx NextG ETF in the 4th quarter valued at $35,000. J.W. Cole Advisors Inc. grew its position in First Trust Indxx NextG ETF by 6.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 8,131 shares of the company’s stock valued at $624,000 after acquiring an additional 474 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in First Trust Indxx NextG ETF by 6.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 8,096 shares of the company’s stock worth $549,000 after acquiring an additional 519 shares in the last quarter. Finally, Apollon Wealth Management LLC bought a new position in shares of First Trust Indxx NextG ETF during the fourth quarter valued at $211,000.

First Trust Indxx NextG ETF Stock Performance

NXTG opened at $82.03 on Tuesday. The firm has a market cap of $397.85 million, a price-to-earnings ratio of 18.31 and a beta of 0.89. The firm’s 50-day simple moving average is $78.05 and its 200-day simple moving average is $77.22. First Trust Indxx NextG ETF has a twelve month low of $64.46 and a twelve month high of $82.13.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.044 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.21%. The ex-dividend date was Thursday, March 21st.

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.