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

Cornerstone Wealth Management LLC trimmed its holdings in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,773 shares of the company’s stock after selling 302 shares during the quarter. Cornerstone Wealth Management LLC owned 0.13% of First Trust Indxx NextG ETF worth $492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Advisor Group LLC boosted its stake in 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 buying an additional 998 shares during the period. Arkadios Wealth Advisors boosted its position in shares of First Trust Indxx NextG ETF by 41.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 6,699 shares of the company’s stock worth $585,000 after purchasing an additional 1,961 shares during the period. First Horizon Advisors Inc. acquired a new stake in First Trust Indxx NextG ETF in the 3rd quarter valued at approximately $44,000. Benjamin Edwards Inc. acquired a new stake in First Trust Indxx NextG ETF in the 3rd quarter valued at approximately $4,600,000. Finally, Sanctuary Advisors LLC purchased a new stake in First Trust Indxx NextG ETF in the second quarter valued at approximately $658,000.

First Trust Indxx NextG ETF Stock Down 0.3 %

NXTG opened at $88.44 on Friday. First Trust Indxx NextG ETF has a 52 week low of $73.37 and a 52 week high of $88.84. The business has a fifty day simple moving average of $85.96 and a 200-day simple moving average of $85.31. The firm has a market cap of $375.87 million, a P/E ratio of 18.31 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently announced 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 of this dividend 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.