Avantax Advisory Services Inc. reduced its holdings in First Trust Indxx NextG ETF (NASDAQ:NXTG – Free Report) by 5.0% during the 1st quarter, Holdings Channel reports. The fund owned 117,940 shares of the company’s stock after selling 6,187 shares during the quarter. Avantax Advisory Services Inc.’s holdings in First Trust Indxx NextG ETF were worth $9,348,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Concentrum Wealth Management boosted its holdings in shares of First Trust Indxx NextG ETF by 1.9% in the 4th quarter. Concentrum Wealth Management now owns 24,464 shares of the company’s stock worth $1,877,000 after acquiring an additional 453 shares in the last quarter. Perigon Wealth Management LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 4th quarter worth approximately $1,496,000. Apollon Wealth Management LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 4th quarter worth approximately $211,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 4th quarter worth approximately $729,000. Finally, Bfsg LLC acquired a new position in First Trust Indxx NextG ETF during the 4th quarter worth $35,000.
First Trust Indxx NextG ETF Stock Down 1.4 %
NASDAQ:NXTG traded down $1.20 during trading hours on Wednesday, hitting $84.80. 8,032 shares of the stock were exchanged, compared to its average volume of 9,164. The company’s 50 day moving average is $81.13 and its two-hundred day moving average is $78.40. First Trust Indxx NextG ETF has a twelve month low of $64.46 and a twelve month high of $86.03. The company has a market capitalization of $394.32 million, a P/E ratio of 18.31 and a beta of 0.89.
First Trust Indxx NextG ETF Cuts Dividend
First Trust Indxx NextG ETF 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.
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