Flow Traders U.S. LLC Invests $1.75 Million in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Flow Traders U.S. LLC purchased a new position in First Trust Indxx NextG ETF (NASDAQ:NXTG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 20,027 shares of the company’s stock, valued at approximately $1,749,000.

Several other hedge funds have also bought and sold shares of the business. Private Advisor Group LLC grew its stake in shares of First Trust Indxx NextG ETF by 2.3% in the third quarter. Private Advisor Group LLC now owns 44,147 shares of the company’s stock worth $3,856,000 after acquiring an additional 998 shares during the last quarter. MONECO Advisors LLC bought a new stake in First Trust Indxx NextG ETF during the 2nd quarter valued at about $246,000. Cetera Investment Advisers raised its holdings in First Trust Indxx NextG ETF by 63.0% in the first quarter. Cetera Investment Advisers now owns 33,208 shares of the company’s stock worth $2,632,000 after buying an additional 12,833 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of First Trust Indxx NextG ETF by 41.4% in the third quarter. Arkadios Wealth Advisors now owns 6,699 shares of the company’s stock worth $585,000 after buying an additional 1,961 shares in the last quarter. Finally, First Horizon Advisors Inc. purchased a new stake in shares of First Trust Indxx NextG ETF during the third quarter valued at approximately $44,000.

First Trust Indxx NextG ETF Stock Up 0.5 %

Shares of NXTG opened at $85.73 on Monday. First Trust Indxx NextG ETF has a twelve month low of $72.43 and a twelve month high of $88.84. The company has a market capitalization of $377.21 million, a P/E ratio of 18.31 and a beta of 0.89. The firm has a 50 day moving average of $86.24 and a 200 day moving average of $83.91.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.4009 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, September 26th.

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.