Stratos Wealth Partners LTD. Decreases Stock Position in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Stratos Wealth Partners LTD. lessened its position in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,344 shares of the company’s stock after selling 329 shares during the period. Stratos Wealth Partners LTD.’s holdings in First Trust Indxx NextG ETF were worth $626,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NXTG. Ameritas Advisory Services LLC boosted its holdings in shares of First Trust Indxx NextG ETF by 7.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,435 shares of the company’s stock worth $464,000 after acquiring an additional 358 shares during the period. First Horizon Advisors Inc. purchased a new stake in First Trust Indxx NextG ETF during the 3rd quarter worth about $44,000. 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 purchasing an additional 998 shares during the period. Spire Wealth Management purchased a new position in First Trust Indxx NextG ETF during the 4th quarter valued at about $151,000. Finally, Prospera Financial Services Inc increased its position in shares of First Trust Indxx NextG ETF by 38.6% during the third quarter. Prospera Financial Services Inc now owns 6,783 shares of the company’s stock valued at $593,000 after buying an additional 1,889 shares during the period.

First Trust Indxx NextG ETF Trading Up 1.0 %

NXTG stock opened at $88.41 on Tuesday. The firm has a 50 day moving average of $86.36 and a 200-day moving average of $85.50. The firm has a market capitalization of $375.74 million, a P/E ratio of 18.31 and a beta of 0.89. First Trust Indxx NextG ETF has a 12 month low of $73.37 and a 12 month high of $88.84.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.4269 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.