Flow Traders U.S. LLC Trims Position in First Trust Indxx NextG ETF $NXTG

Flow Traders U.S. LLC decreased its holdings in shares of First Trust Indxx NextG ETF (NASDAQ:NXTG) by 21.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 30,397 shares of the company’s stock after selling 8,170 shares during the period. Flow Traders U.S. LLC’s holdings in First Trust Indxx NextG ETF were worth $3,149,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NXTG. Jane Street Group LLC increased its stake in First Trust Indxx NextG ETF by 12.3% in the first quarter. Jane Street Group LLC now owns 9,558 shares of the company’s stock valued at $811,000 after purchasing an additional 1,047 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust Indxx NextG ETF by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,234 shares of the company’s stock worth $1,288,000 after buying an additional 944 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in First Trust Indxx NextG ETF in the 2nd quarter valued at about $1,094,000. JPMorgan Chase & Co. grew its holdings in First Trust Indxx NextG ETF by 16.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $114,000 after buying an additional 169 shares during the period. Finally, StoneX Group Inc. acquired a new position in shares of First Trust Indxx NextG ETF during the 2nd quarter valued at about $235,000.

First Trust Indxx NextG ETF Price Performance

Shares of NXTG stock opened at $115.59 on Tuesday. The firm’s 50-day simple moving average is $114.94 and its 200-day simple moving average is $109.07. First Trust Indxx NextG ETF has a 1-year low of $74.03 and a 1-year high of $120.82. The firm has a market cap of $433.46 million, a P/E ratio of 22.81 and a beta of 0.89.

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.