Flaharty Asset Management LLC Purchases New Position in First Trust Indxx NextG ETF $NXTG

Flaharty Asset Management LLC purchased a new stake in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 8,859 shares of the company’s stock, valued at approximately $918,000.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in shares of First Trust Indxx NextG ETF by 7.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 77,071 shares of the company’s stock valued at $7,498,000 after acquiring an additional 5,388 shares during the last quarter. Bank of America Corp DE increased its position in First Trust Indxx NextG ETF by 12.5% in the second quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock worth $7,113,000 after purchasing an additional 8,095 shares during the last quarter. Flow Traders U.S. LLC raised its stake in First Trust Indxx NextG ETF by 355.8% during the second quarter. Flow Traders U.S. LLC now owns 38,567 shares of the company’s stock valued at $3,752,000 after purchasing an additional 30,105 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust Indxx NextG ETF by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 13,234 shares of the company’s stock valued at $1,288,000 after purchasing an additional 944 shares during the last quarter. Finally, Forefront Wealth Partners LLC grew its stake in shares of First Trust Indxx NextG ETF by 47.5% in the 2nd quarter. Forefront Wealth Partners LLC now owns 12,023 shares of the company’s stock worth $1,064,000 after buying an additional 3,872 shares in the last quarter.

First Trust Indxx NextG ETF Stock Down 1.4%

First Trust Indxx NextG ETF stock opened at $113.52 on Friday. The company’s 50-day moving average price is $109.10 and its 200-day moving average price is $105.06. The company has a market cap of $425.72 million, a PE ratio of 22.81 and a beta of 0.89. First Trust Indxx NextG ETF has a twelve month low of $74.03 and a twelve month high of $115.69.

First Trust Indxx NextG ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.5364 per share. This represents a $2.15 dividend on an annualized basis and a yield of 1.9%. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, December 12th.

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.