Independent Financial Group LLC Takes $2.08 Million Position in First Trust Indxx NextG ETF $NXTG

Independent Financial Group LLC purchased a new stake in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 18,581 shares of the company’s stock, valued at approximately $2,080,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its stake in First Trust Indxx NextG ETF by 468.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,001 shares of the company’s stock valued at $539,000 after purchasing an additional 4,122 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of First Trust Indxx NextG ETF by 2.3% during the first quarter. Private Advisor Group LLC now owns 21,098 shares of the company’s stock worth $2,361,000 after buying an additional 479 shares during the last quarter. Kestra Private Wealth Services LLC bought a new stake in shares of First Trust Indxx NextG ETF during the first quarter worth $205,000. J.W. Cole Advisors Inc. grew its stake in shares of First Trust Indxx NextG ETF by 1.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 8,063 shares of the company’s stock worth $869,000 after buying an additional 111 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of First Trust Indxx NextG ETF by 53.3% during the fourth quarter. IFP Advisors Inc now owns 1,504 shares of the company’s stock worth $162,000 after buying an additional 523 shares in the last quarter.

First Trust Indxx NextG ETF Stock Performance

Shares of NXTG opened at $144.29 on Friday. First Trust Indxx NextG ETF has a 52 week low of $95.47 and a 52 week high of $167.58. The stock has a market capitalization of $533.87 million, a price-to-earnings ratio of 22.81 and a beta of 1.03. The stock has a fifty day moving average of $151.96 and a 200-day moving average of $129.59.

First Trust Indxx NextG ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.5768 dividend. This represents a $2.31 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost 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.