Janney Montgomery Scott LLC Has $6.44 Million Stock Holdings in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Janney Montgomery Scott LLC reduced its position in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,550 shares of the company’s stock after selling 2,759 shares during the period. Janney Montgomery Scott LLC owned approximately 1.76% of First Trust Indxx NextG ETF worth $6,444,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new stake in shares of First Trust Indxx NextG ETF in the 3rd quarter worth $44,000. Ameritas Advisory Services LLC lifted its holdings in First Trust Indxx NextG ETF by 7.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,435 shares of the company’s stock worth $464,000 after acquiring an additional 358 shares during the period. Arkadios Wealth Advisors lifted its holdings in First Trust Indxx NextG ETF by 41.4% during the third quarter. Arkadios Wealth Advisors now owns 6,699 shares of the company’s stock worth $585,000 after acquiring an additional 1,961 shares during the period. Prospera Financial Services Inc boosted its position in First Trust Indxx NextG ETF by 38.6% in the third quarter. Prospera Financial Services Inc now owns 6,783 shares of the company’s stock worth $593,000 after purchasing an additional 1,889 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in First Trust Indxx NextG ETF in the fourth quarter valued at about $630,000.

First Trust Indxx NextG ETF Stock Up 0.2 %

Shares of NXTG stock opened at $86.01 on Wednesday. The company has a 50 day moving average of $86.00 and a 200-day moving average of $85.33. First Trust Indxx NextG ETF has a 12-month low of $73.37 and a 12-month high of $88.84. The firm has a market cap of $365.55 million, a P/E ratio of 18.31 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.4269 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.