Prospera Financial Services Inc Boosts Stock Position in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Prospera Financial Services Inc increased its stake in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 38.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,783 shares of the company’s stock after purchasing an additional 1,889 shares during the quarter. Prospera Financial Services Inc owned approximately 0.15% of First Trust Indxx NextG ETF worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Proactive Wealth Strategies LLC purchased a new stake in First Trust Indxx NextG ETF during the 3rd quarter worth about $648,000. Arkadios Wealth Advisors boosted its stake in First Trust Indxx NextG ETF by 41.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 6,699 shares of the company’s stock worth $585,000 after buying an additional 1,961 shares during the last quarter. Private Advisor Group LLC boosted its stake in First Trust Indxx NextG ETF by 2.3% in the 3rd quarter. Private Advisor Group LLC now owns 44,147 shares of the company’s stock worth $3,856,000 after buying an additional 998 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in First Trust Indxx NextG ETF in the 2nd quarter worth about $658,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in First Trust Indxx NextG ETF by 0.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 55,684 shares of the company’s stock worth $4,562,000 after buying an additional 381 shares during the last quarter.

First Trust Indxx NextG ETF Trading Up 0.8 %

Shares of NASDAQ:NXTG opened at $85.15 on Friday. The stock’s 50-day moving average price is $86.32 and its two-hundred day moving average price is $83.60. First Trust Indxx NextG ETF has a 12-month low of $71.94 and a 12-month high of $88.84. The firm has a market cap of $374.66 million, a price-to-earnings ratio of 18.31 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.4009 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, September 26th.

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.