Janney Montgomery Scott LLC Cuts Stake in First Trust Indxx NextG ETF $NXTG

Janney Montgomery Scott LLC lessened its position in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 5.3% in the 1st quarter, Holdings Channel reports. The fund owned 66,718 shares of the company’s stock after selling 3,733 shares during the period. Janney Montgomery Scott LLC’s holdings in First Trust Indxx NextG ETF were worth $7,467,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Kestra Private Wealth Services LLC purchased a new stake in shares of First Trust Indxx NextG ETF in the first quarter valued at about $205,000. Rockefeller Capital Management L.P. raised its holdings in First Trust Indxx NextG ETF by 468.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,001 shares of the company’s stock worth $539,000 after purchasing an additional 4,122 shares in the last quarter. Osaic Holdings Inc. raised its holdings in First Trust Indxx NextG ETF by 2.2% during the fourth quarter. Osaic Holdings Inc. now owns 16,420 shares of the company’s stock worth $1,771,000 after purchasing an additional 354 shares in the last quarter. Royal Bank of Canada lifted its position in First Trust Indxx NextG ETF by 5.7% in the fourth quarter. Royal Bank of Canada now owns 66,641 shares of the company’s stock valued at $7,181,000 after purchasing an additional 3,603 shares during the period. Finally, Arax Advisory Partners acquired a new stake in First Trust Indxx NextG ETF in the fourth quarter valued at about $53,000.

First Trust Indxx NextG ETF Trading Down 0.4%

Shares of NXTG opened at $147.48 on Friday. The stock’s 50 day moving average is $149.39 and its two-hundred day moving average is $126.69. First Trust Indxx NextG ETF has a twelve month low of $95.47 and a twelve month high of $167.58. The firm has a market capitalization of $545.68 million, a PE ratio of 22.81 and a beta of 1.03.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.5768 dividend. This represents a $2.31 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, June 25th.

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.