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

Cornerstone Wealth Management LLC lowered its position in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,773 shares of the company’s stock after selling 302 shares during the period. Cornerstone Wealth Management LLC’s holdings in First Trust Indxx NextG ETF were worth $492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC purchased a new position in First Trust Indxx NextG ETF during the 2nd quarter worth approximately $658,000. Private Advisor Group LLC grew its position in shares of 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 acquiring an additional 998 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of First Trust Indxx NextG ETF by 41.4% during the third quarter. Arkadios Wealth Advisors now owns 6,699 shares of the company’s stock worth $585,000 after acquiring an additional 1,961 shares during the last quarter. Proactive Wealth Strategies LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 3rd quarter valued at $648,000. Finally, Prospera Financial Services Inc raised its position in First Trust Indxx NextG ETF by 38.6% in the 3rd quarter. Prospera Financial Services Inc now owns 6,783 shares of the company’s stock valued at $593,000 after purchasing an additional 1,889 shares during the last quarter.

First Trust Indxx NextG ETF Stock Performance

Shares of First Trust Indxx NextG ETF stock opened at $88.44 on Friday. The company has a market capitalization of $375.87 million, a P/E ratio of 18.31 and a beta of 0.89. First Trust Indxx NextG ETF has a 1 year low of $73.37 and a 1 year high of $88.84. The company’s fifty day moving average is $85.96 and its two-hundred day moving average is $85.31.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.4269 per share. The ex-dividend date was Friday, December 13th.

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.