Raymond James & Associates Sells 364 Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG)

Raymond James & Associates lessened its holdings in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,346 shares of the company’s stock after selling 364 shares during the period. Raymond James & Associates owned 1.44% of First Trust Indxx NextG ETF worth $5,533,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. boosted its stake in First Trust Indxx NextG ETF by 0.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 55,684 shares of the company’s stock worth $4,562,000 after purchasing an additional 381 shares in the last quarter. Zions Bancorporation N.A. bought a new position in First Trust Indxx NextG ETF in the 2nd quarter worth about $33,000. Janney Montgomery Scott LLC boosted its stake in First Trust Indxx NextG ETF by 1.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 90,151 shares of the company’s stock worth $7,145,000 after purchasing an additional 1,090 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in First Trust Indxx NextG ETF by 24.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 8,096 shares of the company’s stock worth $642,000 after purchasing an additional 1,611 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in First Trust Indxx NextG ETF by 23.6% in the 2nd quarter. Belpointe Asset Management LLC now owns 10,056 shares of the company’s stock worth $824,000 after purchasing an additional 1,921 shares in the last quarter.

First Trust Indxx NextG ETF Stock Performance

NXTG opened at $84.69 on Friday. The stock has a market capitalization of $372.64 million, a P/E ratio of 18.31 and a beta of 0.89. The company’s 50-day simple moving average is $86.35 and its two-hundred day simple moving average is $82.55. First Trust Indxx NextG ETF has a 52-week low of $67.32 and a 52-week high of $88.84.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.4009 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, September 26th.

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.