Rossby Financial LCC Buys Shares of 400 First Trust Indxx NextG ETF $NXTG

Rossby Financial LCC bought a new stake in First Trust Indxx NextG ETF (NASDAQ:NXTG) during the second quarter, Holdings Channel reports. The institutional investor bought 400 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NXTG. Brio Consultants LLC purchased a new position in First Trust Indxx NextG ETF in the first quarter valued at about $1,309,000. Janney Montgomery Scott LLC grew its stake in First Trust Indxx NextG ETF by 7.5% in the second quarter. Janney Montgomery Scott LLC now owns 77,071 shares of the company’s stock valued at $7,498,000 after purchasing an additional 5,388 shares in the last quarter. Sigma Planning Corp boosted its stake in shares of First Trust Indxx NextG ETF by 23.1% during the 1st quarter. Sigma Planning Corp now owns 17,305 shares of the company’s stock worth $1,468,000 after acquiring an additional 3,242 shares in the last quarter. Kraft Davis & Associates LLC acquired a new position in shares of First Trust Indxx NextG ETF during the 2nd quarter valued at about $209,000. Finally, Prepared Retirement Institute LLC acquired a new position in shares of First Trust Indxx NextG ETF during the 2nd quarter valued at about $208,000.

First Trust Indxx NextG ETF Stock Performance

Shares of NASDAQ NXTG opened at $110.65 on Thursday. The firm has a market cap of $437.07 million, a price-to-earnings ratio of 22.81 and a beta of 0.89. The business’s 50-day simple moving average is $104.14 and its 200-day simple moving average is $97.09. First Trust Indxx NextG ETF has a 52 week low of $74.03 and a 52 week high of $111.54.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued 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 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.