Migdal Insurance & Financial Holdings Ltd. Reduces Holdings in First Trust Indxx NextG ETF $NXTG

Migdal Insurance & Financial Holdings Ltd. lowered its position in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 10.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,644 shares of the company’s stock after selling 813 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in First Trust Indxx NextG ETF were worth $646,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. raised its stake in shares of First Trust Indxx NextG ETF by 1.3% during the first quarter. Raymond James Financial Inc. now owns 83,892 shares of the company’s stock valued at $7,119,000 after purchasing an additional 1,038 shares during the period. Janney Montgomery Scott LLC grew its position in shares of First Trust Indxx NextG ETF by 7.5% during the second quarter. Janney Montgomery Scott LLC now owns 77,071 shares of the company’s stock worth $7,498,000 after buying an additional 5,388 shares in the last quarter. Cetera Investment Advisers grew its position in shares of First Trust Indxx NextG ETF by 0.5% during the first quarter. Cetera Investment Advisers now owns 28,247 shares of the company’s stock worth $2,397,000 after buying an additional 129 shares in the last quarter. Sigma Planning Corp grew its position in shares of First Trust Indxx NextG ETF by 23.1% during the first quarter. Sigma Planning Corp now owns 17,305 shares of the company’s stock worth $1,468,000 after buying an additional 3,242 shares in the last quarter. Finally, WealthCare Investment Partners LLC grew its position in shares of First Trust Indxx NextG ETF by 3.5% during the second quarter. WealthCare Investment Partners LLC now owns 15,991 shares of the company’s stock worth $1,570,000 after buying an additional 546 shares in the last quarter.

First Trust Indxx NextG ETF Trading Down 0.3%

NXTG stock opened at $110.65 on Thursday. First Trust Indxx NextG ETF has a twelve month low of $74.03 and a twelve month high of $111.54. The company has a market capitalization of $437.07 million, a P/E ratio of 22.81 and a beta of 0.89. The firm has a 50 day simple moving average of $104.14 and a 200-day simple moving average of $97.09.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.5008 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%.

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.