First Trust Indxx NextG ETF (NASDAQ:NXTG) Stake Lowered by Cwm LLC

Cwm LLC cut its stake in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,965 shares of the company’s stock after selling 499 shares during the quarter. Cwm LLC owned approximately 0.23% of First Trust Indxx NextG ETF worth $870,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in First Trust Indxx NextG ETF in the 2nd quarter worth approximately $658,000. Benjamin F. Edwards & Company Inc. grew its holdings 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 in the last quarter. CoreCap Advisors LLC bought a new position in First Trust Indxx NextG ETF in the 2nd quarter worth approximately $351,000. Zions Bancorporation N.A. bought a new position in First Trust Indxx NextG ETF in the 2nd quarter worth approximately $33,000. Finally, Belpointe Asset Management LLC boosted its stake in First Trust Indxx NextG ETF by 23.6% during the 2nd quarter. Belpointe Asset Management LLC now owns 10,056 shares of the company’s stock valued at $824,000 after purchasing an additional 1,921 shares in the last quarter.

First Trust Indxx NextG ETF Stock Performance

Shares of NASDAQ:NXTG opened at $88.30 on Friday. First Trust Indxx NextG ETF has a one year low of $64.46 and a one year high of $88.84. The stock has a fifty day moving average of $85.82 and a 200-day moving average of $81.96. The company has a market capitalization of $388.52 million, a PE ratio of 18.31 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.4009 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.82%. 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.