Cetera Investment Advisers Sells 4,515 Shares of First Trust Indxx NextG ETF $NXTG

Cetera Investment Advisers cut its holdings in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 78,486 shares of the company’s stock after selling 4,515 shares during the quarter. Cetera Investment Advisers owned approximately 2.12% of First Trust Indxx NextG ETF worth $8,784,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in First Trust Indxx NextG ETF by 1,966.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock worth $26,000 after buying an additional 236 shares in the last quarter. Parallel Advisors LLC acquired a new stake in First Trust Indxx NextG ETF in the 1st quarter valued at about $49,000. Arax Advisory Partners acquired a new stake in First Trust Indxx NextG ETF in the 4th quarter valued at about $53,000. Geneos Wealth Management Inc. raised its stake in shares of First Trust Indxx NextG ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock worth $63,000 after acquiring an additional 434 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in shares of First Trust Indxx NextG ETF in the fourth quarter worth about $102,000.

First Trust Indxx NextG ETF Price Performance

NXTG opened at $145.31 on Friday. First Trust Indxx NextG ETF has a one year low of $95.47 and a one year high of $167.58. The company’s 50 day simple moving average is $151.92 and its 200-day simple moving average is $132.10. The stock has a market capitalization of $537.65 million, a P/E ratio of 22.81 and a beta of 1.03.

First Trust Indxx NextG ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.5768 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $2.31 annualized dividend and a yield of 1.6%. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23.

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.