Strategic Financial Concepts LLC Buys Shares of 11,143 First Trust Indxx NextG ETF (NASDAQ:NXTG)

Strategic Financial Concepts LLC purchased a new position in First Trust Indxx NextG ETF (NASDAQ:NXTG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,143 shares of the company’s stock, valued at approximately $950,000.

Several other hedge funds and other institutional investors have also modified their holdings of NXTG. First Horizon Advisors Inc. purchased a new position in First Trust Indxx NextG ETF in the third quarter valued at about $44,000. Spire Wealth Management bought a new stake in shares of First Trust Indxx NextG ETF in the 4th quarter valued at approximately $151,000. Ameritas Advisory Services LLC increased its holdings in First Trust Indxx NextG ETF by 7.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,435 shares of the company’s stock worth $464,000 after buying an additional 358 shares during the last quarter. Arkadios Wealth Advisors raised its position in 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 valued at $585,000 after acquiring an additional 1,961 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its stake in First Trust Indxx NextG ETF by 38.6% in the third quarter. Prospera Financial Services Inc now owns 6,783 shares of the company’s stock valued at $593,000 after acquiring an additional 1,889 shares during the last quarter.

First Trust Indxx NextG ETF Stock Up 0.7 %

NXTG stock opened at $90.35 on Wednesday. The firm has a 50 day moving average of $86.63 and a two-hundred day moving average of $85.79. First Trust Indxx NextG ETF has a 12 month low of $73.37 and a 12 month high of $90.38. The company has a market capitalization of $383.99 million, a price-to-earnings ratio of 18.31 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.4269 dividend. 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.