Janney Montgomery Scott LLC Decreases Position in First Trust IndXX NextG ETF (NASDAQ:NXTG)

Posted by on Apr 21st, 2023

Janney Montgomery Scott LLC decreased its holdings in shares of First Trust IndXX NextG ETF (NASDAQ:NXTG – Get Rating) by 19.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,136 shares of the company’s stock after selling 26,314 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.52% of First Trust IndXX NextG ETF worth $6,594,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. increased its holdings in shares of First Trust IndXX NextG ETF by 3.1% in the third quarter. J.W. Cole Advisors Inc. now owns 9,990 shares of the company’s stock valued at $556,000 after purchasing an additional 302 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in shares of First Trust IndXX NextG ETF by 5.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 17,677 shares of the company’s stock valued at $984,000 after purchasing an additional 932 shares during the period. Spectrum Wealth Advisory Group LLC increased its holdings in shares of First Trust IndXX NextG ETF by 4.1% in the third quarter. Spectrum Wealth Advisory Group LLC now owns 66,071 shares of the company’s stock valued at $3,678,000 after purchasing an additional 2,623 shares during the period. International Assets Investment Management LLC acquired a new position in shares of First Trust IndXX NextG ETF in the fourth quarter valued at approximately $7,172,000. Finally, AE Wealth Management LLC increased its holdings in shares of First Trust IndXX NextG ETF by 11.0% in the third quarter. AE Wealth Management LLC now owns 11,045 shares of the company’s stock valued at $615,000 after purchasing an additional 1,096 shares during the period.

First Trust IndXX NextG ETF Trading Down 0.5 %

NASDAQ:NXTG opened at $67.89 on Friday. The stock’s 50 day simple moving average is $67.52 and its 200-day simple moving average is $63.64. First Trust IndXX NextG ETF has a 12-month low of $53.16 and a 12-month high of $74.00. The firm has a market cap of $437.89 million, a P/E ratio of 15.60 and a beta of 0.89.

First Trust IndXX NextG ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were issued a dividend of $0.049 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Friday, March 24th.

About First Trust IndXX NextG ETF

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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.

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Institutional Ownership by Quarter for First Trust IndXX NextG ETF (NASDAQ:NXTG)

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