B. Riley Wealth Advisors Inc. Has $321,000 Stock Position in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Posted by Logan Wallace on Oct 8th, 2024

B. Riley Wealth Advisors Inc. lowered its holdings in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG – Free Report) by 51.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,915 shares of the company’s stock after selling 4,181 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.09% of First Trust Indxx NextG ETF worth $321,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Zions Bancorporation N.A. acquired a new position in First Trust Indxx NextG ETF during the 2nd quarter worth about $33,000. ICA Group Wealth Management LLC bought a new stake in First Trust Indxx NextG ETF in the fourth quarter valued at approximately $131,000. Kingswood Wealth Advisors LLC acquired a new stake in First Trust Indxx NextG ETF during the 1st quarter valued at approximately $201,000. MONECO Advisors LLC bought a new position in First Trust Indxx NextG ETF during the 2nd quarter worth approximately $246,000. Finally, CoreCap Advisors LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 2nd quarter worth approximately $351,000.

First Trust Indxx NextG ETF Stock Performance

NASDAQ:NXTG opened at $87.30 on Tuesday. First Trust Indxx NextG ETF has a 52 week low of $64.46 and a 52 week high of $88.84. The firm’s fifty day moving average is $84.45 and its 200-day moving average is $81.40. The firm has a market cap of $384.12 million, a P/E ratio of 18.31 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.4009 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust Indxx NextG ETF Company Profile

(Free Report)

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.