NBC Securities Inc. Sells 645 Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG)

NBC Securities Inc. reduced its position in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 8.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,114 shares of the company’s stock after selling 645 shares during the quarter. NBC Securities Inc. owned about 0.14% of First Trust Indxx NextG ETF worth $563,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC purchased a new position in First Trust Indxx NextG ETF during the fourth quarter worth $1,496,000. Concentrum Wealth Management boosted its stake in First Trust Indxx NextG ETF by 1.9% during the fourth quarter. Concentrum Wealth Management now owns 24,464 shares of the company’s stock worth $1,877,000 after buying an additional 453 shares during the period. Apollon Wealth Management LLC purchased a new position in First Trust Indxx NextG ETF during the fourth quarter worth $211,000. International Assets Investment Management LLC purchased a new position in First Trust Indxx NextG ETF during the fourth quarter worth $729,000. Finally, Bfsg LLC purchased a new position in First Trust Indxx NextG ETF during the fourth quarter worth $35,000.

First Trust Indxx NextG ETF Stock Down 0.7 %

NASDAQ NXTG opened at $82.35 on Friday. The company has a fifty day moving average of $78.32 and a two-hundred day moving average of $77.36. The firm has a market capitalization of $399.40 million, a price-to-earnings ratio of 18.31 and a beta of 0.89. First Trust Indxx NextG ETF has a 52 week low of $64.46 and a 52 week high of $83.15.

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.