Concentrum Wealth Management Sells 595 Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG)

Concentrum Wealth Management lessened its position in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,272 shares of the company’s stock after selling 595 shares during the quarter. First Trust Indxx NextG ETF comprises 0.8% of Concentrum Wealth Management’s holdings, making the stock its 22nd biggest position. Concentrum Wealth Management’s holdings in First Trust Indxx NextG ETF were worth $2,155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of First Trust Indxx NextG ETF during the fourth quarter worth about $7,067,000. Strategic Financial Concepts LLC acquired a new stake in First Trust Indxx NextG ETF in the 4th quarter worth approximately $950,000. International Assets Investment Management LLC purchased a new stake in First Trust Indxx NextG ETF during the 4th quarter worth approximately $630,000. Morey & Quinn Wealth Partners LLC acquired a new position in First Trust Indxx NextG ETF during the 4th quarter valued at approximately $410,000. Finally, Riverchase Wealth Management LLC acquired a new stake in shares of First Trust Indxx NextG ETF during the fourth quarter worth $275,000.

First Trust Indxx NextG ETF Price Performance

Shares of NXTG opened at $77.43 on Monday. The firm has a market capitalization of $313.59 million, a PE ratio of 21.42 and a beta of 0.89. The company’s fifty day moving average price is $87.26 and its 200-day moving average price is $86.60. First Trust Indxx NextG ETF has a 1-year low of $73.37 and a 1-year high of $91.29.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.0804 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Thursday, March 27th.

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.