IFP Advisors Inc Trims Stock Holdings in First Trust Indxx NextG ETF $NXTG

IFP Advisors Inc reduced its stake in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 25.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 979 shares of the company’s stock after selling 335 shares during the quarter. IFP Advisors Inc’s holdings in First Trust Indxx NextG ETF were worth $95,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its position in shares of First Trust Indxx NextG ETF by 6.7% in the first quarter. Kingswood Wealth Advisors LLC now owns 2,791 shares of the company’s stock valued at $237,000 after acquiring an additional 175 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of First Trust Indxx NextG ETF by 1.3% in the first quarter. Raymond James Financial Inc. now owns 83,892 shares of the company’s stock valued at $7,119,000 after acquiring an additional 1,038 shares in the last quarter. WealthCare Investment Partners LLC lifted its position in shares of First Trust Indxx NextG ETF by 3.5% in the second quarter. WealthCare Investment Partners LLC now owns 15,991 shares of the company’s stock valued at $1,570,000 after acquiring an additional 546 shares in the last quarter. Prepared Retirement Institute LLC purchased a new stake in shares of First Trust Indxx NextG ETF in the second quarter valued at $208,000. Finally, PNC Financial Services Group Inc. lifted its position in First Trust Indxx NextG ETF by 61.4% during the first quarter. PNC Financial Services Group Inc. now owns 468 shares of the company’s stock worth $40,000 after buying an additional 178 shares during the period.

First Trust Indxx NextG ETF Trading Down 0.0%

NASDAQ NXTG opened at $107.48 on Monday. The business’s 50-day moving average price is $102.65 and its 200 day moving average price is $95.36. First Trust Indxx NextG ETF has a twelve month low of $74.03 and a twelve month high of $108.32. The company has a market capitalization of $424.55 million, a PE ratio of 22.81 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.5008 per share. The ex-dividend date was Thursday, September 25th. This represents a $2.00 annualized dividend and a yield of 1.9%.

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.