18,581 Shares in First Trust Indxx NextG ETF $NXTG Acquired by Independent Financial Group LLC

Independent Financial Group LLC purchased a new stake in First Trust Indxx NextG ETF (NASDAQ:NXTG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,581 shares of the company’s stock, valued at approximately $2,080,000. Independent Financial Group LLC owned 0.50% of First Trust Indxx NextG ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its holdings in shares of 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 buying an additional 4,122 shares in the last quarter. Arax Advisory Partners acquired a new position in shares of First Trust Indxx NextG ETF in the fourth quarter valued at about $53,000. Russell Investments Group Ltd. grew its stake in shares of First Trust Indxx NextG ETF by 1,966.7% in the third quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock valued at $26,000 after acquiring an additional 236 shares in the last quarter. Fifth Third Bancorp bought a new position in First Trust Indxx NextG ETF during the first quarter worth about $107,000. Finally, Kestra Advisory Services LLC increased its position in First Trust Indxx NextG ETF by 1.1% during the first quarter. Kestra Advisory Services LLC now owns 64,687 shares of the company’s stock worth $7,240,000 after acquiring an additional 681 shares during the period.

First Trust Indxx NextG ETF Stock Down 0.2%

Shares of First Trust Indxx NextG ETF stock opened at $144.29 on Friday. First Trust Indxx NextG ETF has a twelve month low of $95.47 and a twelve month high of $167.58. The company has a 50-day simple moving average of $151.96 and a two-hundred day simple moving average of $129.59. The stock has a market capitalization of $533.87 million, a price-to-earnings ratio of 22.81 and a beta of 1.03.

First Trust Indxx NextG ETF Increases Dividend

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

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.