Raymond James Financial Inc. Invests $7.07 Million in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Raymond James Financial Inc. bought a new position in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 82,854 shares of the company’s stock, valued at approximately $7,067,000.

A number of other large investors have also modified their holdings of NXTG. First Horizon Advisors Inc. purchased a new stake in shares of First Trust Indxx NextG ETF during the third quarter worth $44,000. Spire Wealth Management purchased a new stake in shares of First Trust Indxx NextG ETF during the fourth quarter worth $151,000. Truist Financial Corp grew its holdings in shares of First Trust Indxx NextG ETF by 15.8% during the fourth quarter. Truist Financial Corp now owns 5,162 shares of the company’s stock worth $440,000 after buying an additional 704 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of First Trust Indxx NextG ETF by 7.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,435 shares of the company’s stock worth $464,000 after buying an additional 358 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of 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 worth $593,000 after buying an additional 1,889 shares in the last quarter.

First Trust Indxx NextG ETF Stock Down 0.3 %

First Trust Indxx NextG ETF stock opened at $87.03 on Monday. First Trust Indxx NextG ETF has a 52-week low of $73.37 and a 52-week high of $91.29. The firm has a market capitalization of $369.87 million, a price-to-earnings ratio of 21.52 and a beta of 0.89. The company has a fifty day simple moving average of $87.62 and a 200-day simple moving average of $86.61.

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.