Raymond James Financial Inc. Invests $7.07 Million in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Raymond James Financial Inc. acquired a new position in First Trust Indxx NextG ETF (NASDAQ:NXTG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 82,854 shares of the company’s stock, valued at approximately $7,067,000. Raymond James Financial Inc. owned about 1.95% of First Trust Indxx NextG ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NXTG. Benjamin Edwards Inc. acquired a new stake in First Trust Indxx NextG ETF during the 3rd quarter valued at approximately $4,600,000. Flow Traders U.S. LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 3rd quarter valued at $1,749,000. Strategic Financial Concepts LLC acquired a new position in First Trust Indxx NextG ETF during the fourth quarter worth $950,000. International Assets Investment Management LLC acquired a new position in First Trust Indxx NextG ETF during the fourth quarter worth $630,000. Finally, Prospera Financial Services Inc raised its position in First Trust Indxx NextG ETF by 38.6% during the third quarter. Prospera Financial Services Inc now owns 6,783 shares of the company’s stock worth $593,000 after acquiring an additional 1,889 shares during the period.

First Trust Indxx NextG ETF Stock Performance

NASDAQ:NXTG opened at $87.03 on Monday. The company has a fifty day moving average of $87.62 and a two-hundred day moving average of $86.61. The stock has a market capitalization of $369.87 million, a PE ratio of 21.52 and a beta of 0.89. First Trust Indxx NextG ETF has a fifty-two week low of $73.37 and a fifty-two week high of $91.29.

First Trust Indxx NextG ETF Company 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.