Ignite Planners LLC Sells 347 Shares of First Trust Indxx NextG ETF (NASDAQ:NXTG)

Ignite Planners LLC cut its position in First Trust Indxx NextG ETF (NASDAQ:NXTG) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,561 shares of the company’s stock after selling 347 shares during the quarter. Ignite Planners LLC owned about 0.11% of First Trust Indxx NextG ETF worth $466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prudential PLC acquired a new stake in shares of First Trust Indxx NextG ETF during the first quarter worth $278,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in First Trust Indxx NextG ETF by 1,205.2% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 20,648 shares of the company’s stock valued at $1,435,000 after purchasing an additional 19,066 shares during the period. WealthCare Investment Partners LLC grew its position in shares of First Trust Indxx NextG ETF by 8.2% during the 1st quarter. WealthCare Investment Partners LLC now owns 14,661 shares of the company’s stock worth $1,019,000 after purchasing an additional 1,113 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of First Trust Indxx NextG ETF during the fourth quarter worth approximately $4,400,000. Finally, Ameritas Advisory Services LLC raised its position in shares of First Trust Indxx NextG ETF by 30.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 9,209 shares of the company’s stock valued at $562,000 after buying an additional 2,144 shares in the last quarter.

First Trust Indxx NextG ETF Price Performance

NASDAQ:NXTG remained flat at $70.10 during trading hours on Monday. The company had a trading volume of 5,443 shares, compared to its average volume of 24,093. The firm has a fifty day moving average of $70.73 and a 200 day moving average of $69.53. First Trust Indxx NextG ETF has a 1-year low of $53.16 and a 1-year high of $73.50. The firm has a market capitalization of $410.09 million, a P/E ratio of 15.60 and a beta of 0.89.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 28th were paid a $0.453 dividend. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, June 27th. This represents a $1.81 annualized dividend and a dividend yield of 2.58%.

First Trust Indxx NextG ETF 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.