First Trust Indxx NextG ETF (NXTG) To Go Ex-Dividend on September 24th

First Trust Indxx NextG ETF (NASDAQ:NXTG) announced a quarterly dividend on Wednesday, September 23rd. Shareholders of record on Thursday, September 24th will be given a dividend of $0.6320 per share on Wednesday, September 30th. This represents a $2.53 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, September 24th. This is a 9.6% increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.5768.

First Trust Indxx NextG ETF Trading Down 0.7%

Shares of NASDAQ NXTG opened at $155.34 on Friday. The firm has a market capitalization of $566.99 million, a P/E ratio of 22.81 and a beta of 1.04. The firm’s 50-day moving average price is $151.37 and its 200-day moving average price is $142.59. First Trust Indxx NextG ETF has a 1-year low of $101.01 and a 1-year high of $167.58.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NXTG. Independent Financial Group LLC bought a new position in shares of First Trust Indxx NextG ETF in the first quarter valued at approximately $2,080,000. Royal Bank of Canada grew its holdings in First Trust Indxx NextG ETF by 19.8% during the first quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock worth $8,936,000 after buying an additional 13,201 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in First Trust Indxx NextG ETF by 468.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,001 shares of the company’s stock worth $539,000 after buying an additional 4,122 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in First Trust Indxx NextG ETF in the 1st quarter valued at $370,000. Finally, Ameritas Advisory Services LLC raised its position in First Trust Indxx NextG ETF by 104.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 5,234 shares of the company’s stock valued at $803,000 after buying an additional 2,672 shares during the last quarter.

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.