Rossby Financial LCC Invests $39,000 in First Trust Indxx NextG ETF $NXTG

Rossby Financial LCC acquired a new position in First Trust Indxx NextG ETF (NASDAQ:NXTG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 400 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. grew its holdings in shares of First Trust Indxx NextG ETF by 1.3% in the 1st quarter. Raymond James Financial Inc. now owns 83,892 shares of the company’s stock worth $7,119,000 after acquiring an additional 1,038 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of First Trust Indxx NextG ETF by 7.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 77,071 shares of the company’s stock worth $7,498,000 after acquiring an additional 5,388 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust Indxx NextG ETF by 0.5% in the 1st quarter. Cetera Investment Advisers now owns 28,247 shares of the company’s stock worth $2,397,000 after acquiring an additional 129 shares during the last quarter. Sigma Planning Corp grew its holdings in shares of First Trust Indxx NextG ETF by 23.1% in the 1st quarter. Sigma Planning Corp now owns 17,305 shares of the company’s stock worth $1,468,000 after acquiring an additional 3,242 shares during the last quarter. Finally, WealthCare Investment Partners LLC grew its holdings in shares of First Trust Indxx NextG ETF by 3.5% in the 2nd quarter. WealthCare Investment Partners LLC now owns 15,991 shares of the company’s stock worth $1,570,000 after acquiring an additional 546 shares during the last quarter.

First Trust Indxx NextG ETF Stock Down 0.3%

Shares of NASDAQ NXTG opened at $110.65 on Thursday. The stock has a market capitalization of $437.07 million, a price-to-earnings ratio of 22.81 and a beta of 0.89. The stock’s fifty day simple moving average is $104.14 and its 200 day simple moving average is $97.09. First Trust Indxx NextG ETF has a 52-week low of $74.03 and a 52-week high of $111.54.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.5008 per share. The ex-dividend date was Thursday, September 25th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.8%.

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.