B. Riley Wealth Advisors Inc. Sells 1,611 Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG)

B. Riley Wealth Advisors Inc. reduced its position in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,485 shares of the company’s stock after selling 1,611 shares during the quarter. B. Riley Wealth Advisors Inc. owned approximately 0.13% of First Trust Indxx NextG ETF worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NXTG. Insight Advisors LLC PA bought a new position in First Trust Indxx NextG ETF in the 4th quarter worth $231,000. International Assets Investment Management LLC bought a new stake in First Trust Indxx NextG ETF during the 4th quarter valued at approximately $55,941,000. Perigon Wealth Management LLC bought a new stake in First Trust Indxx NextG ETF during the 4th quarter valued at approximately $1,496,000. J.W. Cole Advisors Inc. lifted its holdings in First Trust Indxx NextG ETF by 6.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 8,131 shares of the company’s stock worth $624,000 after purchasing an additional 474 shares in the last quarter. Finally, Bfsg LLC bought a new position in First Trust Indxx NextG ETF in the 4th quarter worth approximately $35,000.

First Trust Indxx NextG ETF Price Performance

Shares of NXTG opened at $81.99 on Monday. First Trust Indxx NextG ETF has a 1 year low of $64.46 and a 1 year high of $83.15. The company has a 50 day simple moving average of $78.43 and a two-hundred day simple moving average of $77.49. The firm has a market cap of $397.65 million, a P/E ratio of 18.31 and a beta of 0.89.

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.