Arkadios Wealth Advisors Buys 1,961 Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG)

Arkadios Wealth Advisors grew its position in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 41.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,699 shares of the company’s stock after acquiring an additional 1,961 shares during the quarter. Arkadios Wealth Advisors’ holdings in First Trust Indxx NextG ETF were worth $585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in First Trust Indxx NextG ETF by 1.2% during the first quarter. Janney Montgomery Scott LLC now owns 90,151 shares of the company’s stock valued at $7,145,000 after acquiring an additional 1,090 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of First Trust Indxx NextG ETF by 0.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 55,684 shares of the company’s stock valued at $4,562,000 after purchasing an additional 381 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of First Trust Indxx NextG ETF by 2.3% in the 3rd quarter. Private Advisor Group LLC now owns 44,147 shares of the company’s stock worth $3,856,000 after purchasing an additional 998 shares during the period. Cetera Investment Advisers boosted its holdings in shares of First Trust Indxx NextG ETF by 63.0% in the first quarter. Cetera Investment Advisers now owns 33,208 shares of the company’s stock worth $2,632,000 after buying an additional 12,833 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its position in First Trust Indxx NextG ETF by 23.6% during the second quarter. Belpointe Asset Management LLC now owns 10,056 shares of the company’s stock valued at $824,000 after buying an additional 1,921 shares during the period.

First Trust Indxx NextG ETF Trading Up 0.0 %

Shares of NXTG stock opened at $87.09 on Wednesday. The company has a 50 day simple moving average of $86.35 and a two-hundred day simple moving average of $82.45. The stock has a market cap of $383.20 million, a P/E ratio of 18.31 and a beta of 0.89. First Trust Indxx NextG ETF has a 12 month low of $64.99 and a 12 month high of $88.84.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.4009 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.60 dividend on an annualized basis and a yield of 1.84%.

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.