Benjamin F. Edwards & Company Inc. Has $3.09 Million Stock Position in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Benjamin F. Edwards & Company Inc. lowered its position in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 8.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,223 shares of the company’s stock after selling 3,599 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in First Trust Indxx NextG ETF were worth $3,086,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bfsg LLC bought a new position in First Trust Indxx NextG ETF during the 4th quarter worth about $35,000. Atria Wealth Solutions Inc. acquired a new stake in First Trust Indxx NextG ETF in the 4th quarter valued at about $217,000. Insight Advisors LLC PA acquired a new stake in First Trust Indxx NextG ETF in the 4th quarter valued at about $231,000. B. Riley Wealth Advisors Inc. lifted its stake in First Trust Indxx NextG ETF by 6.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 8,096 shares of the company’s stock valued at $549,000 after purchasing an additional 519 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in First Trust Indxx NextG ETF in the 3rd quarter valued at about $582,000.

First Trust Indxx NextG ETF Stock Up 1.5 %

Shares of NXTG stock opened at $76.60 on Friday. The firm has a 50 day moving average price of $77.62 and a two-hundred day moving average price of $74.84. The company has a market capitalization of $371.51 million, a PE ratio of 17.72 and a beta of 0.89. First Trust Indxx NextG ETF has a 12-month low of $64.46 and a 12-month high of $81.22.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.044 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.18 annualized dividend and a yield of 0.23%.

About First Trust Indxx NextG ETF

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.