First Trust Indxx NextG ETF (NASDAQ:NXTG) Position Cut by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 8.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 30,538 shares of the company’s stock after selling 2,670 shares during the period. Cetera Investment Advisers’ holdings in First Trust Indxx NextG ETF were worth $2,502,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of NXTG. ICA Group Wealth Management LLC bought a new position in First Trust Indxx NextG ETF in the 4th quarter worth about $131,000. Kingswood Wealth Advisors LLC acquired a new stake in First Trust Indxx NextG ETF in the 1st quarter valued at approximately $201,000. Benjamin F. Edwards & Company Inc. raised its stake in First Trust Indxx NextG ETF by 37.5% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 55,303 shares of the company’s stock valued at $4,383,000 after acquiring an additional 15,080 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in First Trust Indxx NextG ETF by 1.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 90,151 shares of the company’s stock worth $7,145,000 after acquiring an additional 1,090 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of First Trust Indxx NextG ETF by 24.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 8,096 shares of the company’s stock worth $642,000 after purchasing an additional 1,611 shares in the last quarter.

First Trust Indxx NextG ETF Stock Performance

Shares of NXTG opened at $87.31 on Friday. The firm has a market capitalization of $384.16 million, a price-to-earnings ratio of 18.31 and a beta of 0.89. The stock’s fifty day moving average is $84.96 and its 200-day moving average is $81.68. First Trust Indxx NextG ETF has a one year low of $64.46 and a one year high of $88.84.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.4009 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.84%.

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.