First Trust Indxx NextG ETF (NASDAQ:NXTG) Shares Sold by 1776 Wealth LLC

1776 Wealth LLC lowered its position in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 11.9% during the third quarter, HoldingsChannel reports. The firm owned 6,828 shares of the company’s stock after selling 926 shares during the period. 1776 Wealth LLC’s holdings in First Trust Indxx NextG ETF were worth $596,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Private Advisor Group LLC raised its stake in First Trust Indxx NextG ETF by 2.3% during the third quarter. Private Advisor Group LLC now owns 44,147 shares of the company’s stock worth $3,856,000 after purchasing an additional 998 shares during the period. MONECO Advisors LLC acquired a new position in First Trust Indxx NextG ETF in the second quarter valued at approximately $246,000. Cetera Investment Advisers increased its stake in First Trust Indxx NextG ETF by 63.0% during the first quarter. Cetera Investment Advisers now owns 33,208 shares of the company’s stock worth $2,632,000 after acquiring an additional 12,833 shares during the last quarter. Arkadios Wealth Advisors raised its position in 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 valued at $585,000 after purchasing an additional 1,961 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its position in 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 valued at $642,000 after purchasing an additional 1,611 shares during the period.

First Trust Indxx NextG ETF Price Performance

Shares of NASDAQ:NXTG traded down $0.78 during midday trading on Friday, reaching $83.21. 5,814 shares of the company’s stock were exchanged, compared to its average volume of 8,152. The stock has a market cap of $366.12 million, a price-to-earnings ratio of 18.31 and a beta of 0.89. First Trust Indxx NextG ETF has a fifty-two week low of $70.99 and a fifty-two week high of $88.84. The firm’s 50 day simple moving average is $86.37 and its two-hundred day simple moving average is $83.26.

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 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 yield of 1.93%.

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.