Janney Montgomery Scott LLC Has $6.08 Million Stock Position in First Trust Indxx NextG ETF (NASDAQ:NXTG)

Janney Montgomery Scott LLC cut its stake in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,683 shares of the company’s stock after selling 3,867 shares during the period. Janney Montgomery Scott LLC’s holdings in First Trust Indxx NextG ETF were worth $6,083,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. NBC Securities Inc. lifted its stake in shares of First Trust Indxx NextG ETF by 78,360.0% in the 1st quarter. NBC Securities Inc. now owns 3,923 shares of the company’s stock valued at $332,000 after purchasing an additional 3,918 shares during the period. GAMMA Investing LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 1st quarter valued at $2,052,000. GTS Securities LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 4th quarter valued at $442,000. Cetera Investment Advisers lifted its stake in shares of First Trust Indxx NextG ETF by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 28,118 shares of the company’s stock valued at $2,398,000 after purchasing an additional 419 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of First Trust Indxx NextG ETF by 1.8% in the 4th quarter. Bank of America Corp DE now owns 64,299 shares of the company’s stock valued at $5,484,000 after purchasing an additional 1,106 shares during the period.

First Trust Indxx NextG ETF Trading Down 0.5%

Shares of First Trust Indxx NextG ETF stock opened at $93.89 on Friday. The company has a market capitalization of $370.87 million, a PE ratio of 22.19 and a beta of 0.87. First Trust Indxx NextG ETF has a 12 month low of $74.03 and a 12 month high of $95.44. The stock’s fifty day simple moving average is $89.53 and its 200 day simple moving average is $87.34.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.0804 per share. This represents a $0.32 annualized dividend and a yield of 0.34%. The ex-dividend date was Thursday, March 27th.

First Trust Indxx NextG ETF Company Profile

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.